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Cybersecurity Guidelines for Digital Financial Asset Trading Providers in Indonesia
5.
Reporting and communication a. Establishing regular reporting mechanisms to provide information to the management and stakeholders in relation to the risk management status, including incident summaries, mitigation status, and continuous improvement actions. b. Ensuring transparency in the risk management practice in order to build trust among the stakeholders.
5.3 Anti-Money Laundering (AML)
Compliance with Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing regulations (AML/ CTF and CPF) is a fundamental element in maintaining the integrity of the digital financial market, strengthening consumer trust, and protecting the crypto asset ecosystem from potential misuse for illegal purposes. More than mere regulatory obligations, the implementation of AML/CTF principles serves as a safeguard against the practices of money laundering, terrorism financing, financial fraud, as well as cross-border illicit fund flow. Applying global framework such as FATF Travel Rule becomes a strategic measure in encouraging harmonization of cross- jurisdiction AML/CTF protocols. This rule requires the collection and exchange of sender and recipient information for digital asset transactions exceeding a certain threshold (generally 1,000 USD). The collected information covers full name, domicile, and wallet address used. Such standardization allows cross-platform transparency and supports international collaboration in identifying suspicious activities.
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