105
Cybersecurity Guidelines for Digital Financial Asset Trading Providers in Indonesia
As a part of the AML/CTF risk mitigation strategy, the Provider may adopt the following actions: 1. Adopting a system that is in line with FATF guidelines, including the implementation of transaction thresholds, verification of sender/recipient data, and protocol interoperability to support cross-entity tracking and reporting. 2. Integrating blockchain analytics technology, such as Chainalysis, CipherTrace, or similar tools to detect suspicious transaction patterns in real time. The analysis can be performed on: a. Newly-created wallets that conduct large transactions. b. Transfer activities from a single wallet to multiple addresses (multi-hop). c. Transactions involving wallet addresses associated with entities listed on sanctions or watch lists. 3. A djusting operational processes and transaction documentation with OJK Regulation No. 8 of 2023 on the Implementation of Anti-Money Laundering, Counter- Terrorism Financing, and Counter-Proliferation Financing of Weapons of Mass Destruction Programs in the Financial Services Sector, OJK Circular Letter No. 16 of 2025 on the Implementation of Anti-Money Laundering, Counter- Terrorism Financing, and Counter-Proliferation Financing of Weapons of Mass Destruction for Exchanges of Digital Financial Assets, as well as other relevant implementing regulations, including consumer profile updates (CDD/EDD), suspicious transaction reporting (STR), and documented internal reconciliation. The implementation of AML policy that is strong, measurable, and supported by advanced detection technology will be a key pillar in building a digital asset ecosystem that is transparent, trustworthy, and compliant, while also protecting institutions from any detrimental legal, reputational, and operational risks.
Made with FlippingBook Ebook Creator