INTRAC: Corruption and Tax Crimes Dominate the Number of Suspicious Transaction Reports

Monday, 07 November 2022

INTRAC: Corruption and Tax Crimes Dominate the Number of Suspicious Transaction Reports

JAKARTA. The Indonesian Financial Transaction Reports and Analysis Center (INTRAC) revealed that corruption and tax crimes dominated the number of Suspicious Financial Transaction Reports (LTKM).

During January-September 2022, the number of suspicious transactions indicated by tax crimes reached 5,547 reports. The figure increased by 19.52% compared to the realization in 2021 which was recorded at 4,641 reports.

In the last four years, tax crimes have always dominated LKTM along with allegations of corruption.

Quoting Bisnis Indonesia, Friday (4/11) edition, tax crime reports made up 23% of the total LTKM, below corruption which reached 24%.

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The number of reports related to tax crimes outperforms other crimes such as narcotics and terrorism financing, which are both extraordinary crimes.

For INTRAC to determine whether a transaction is considered suspicious, at least four indicators must be present. First, the transaction does not match the profile, characteristics, or transaction pattern of the account holder.

Second, account holders tend to avoid the obligation to report transactions. Third, the transaction is suspected of using criminal funds. Fourth, financial transactions are requested by INTRAC to be reported because they involve assets resulting from criminal acts.

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Regarding this report, the Director of Extension, Services, and Public Relations of the Directorate General of Taxes, Neilmaldrin Noor said that their party is committed to consistently upholding the criminal tax law.

With law enforcement, it is expected that a deterrent effect will arise from the perpetrators and make other people not do the same thing.


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