State-Owned Banks Back Initiative to Freeze Inactive Accounts

State-owned banks in Indonesia have publicly endorsed the Financial Transaction and Report Analysis Center’s (PPATK) initiative to freeze inactive accounts. This move aims to enhance financial transparency and prevent potential misuse of dormant accounts for illicit activities. By aligning with PPATK’s regulatory framework, these banks are reinforcing their commitment to maintaining a secure and accountable financial system. The decision reflects broader efforts within the banking sector to comply with national financial oversight policies and strengthen anti-money laundering protocols. VOI.ID reports that this collaboration between financial institutions and regulatory bodies is seen as a critical step toward improving financial governance.

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