Unexpected Transfer of Citizen Suspected Tax Avoidance
By : Herry Barus And Aldo Bella Putra | Monday, October 09 2017 - 22:00 IWST

Pusat Pelaporan dan Analisis Transaksi Keuangan/ PPATK
INDUSTRY.co.id - Jakarta - Indonesian Financial Transaction Reports and Analysis Center stated that there was a suspicion that the shifty transfer of Indonesian customers in Standard Chartered Plc amounted to 1.4 billion US dollars from Guernsey to Singapore to embezzle and avoid tax evasion.
If converted to rupiah, the amount of funds transfer reaches Rp18.8 trillion.
"The results of our analysis have been sent to the Directorate General of Taxation (DJP) of the Ministry of Finance because it is suspected that the tax evasion (tax fraud)," said PPATK Deputy Chairman Diana Ediana Rae to Antara when contacted Media crew in Jakarta, Monday (9/10 / 2017)
Dian confirms the violation of the law by avoiding tax obligations (tax evasion) is still a temporary allegation. The exact motive of the customer must wait for the investigation conducted by the DGT.
Dian said that PPATK has been sniffing this awkward transfer of funds since several months ago. She said the large fund transfers involved a number of Indonesian companies and entrepreneurs.
She was reluctant to explain further, arguing that he was still coordinating with the DGT and awaiting the results of the DGT investigation.
PPATK also, said Dian, still explore whether the transfer of funds is indicated as Money Laundering mode or not.
"In order not to cause confusion, and not cause unnecessary noise, we better wait for the results of DJP investigation, and the information they will convey," she said.
Referring to reports by Bloomberg and the South China Morning Post, regulators in Europe and Asia are investigating Standard Chartered Plc for a $ 1.4 billion privately owned customer transfer from Guernsey, Britain's territory, to Singapore by the end of 2015.
In the report mentioned, the transferred assets are mostly owned by Indonesian customers.
The regulator also received reports of suspicions about bank staff regarding the transfer. The transfers are made ahead of Guernsey applying the "Common Reporting Standard", a global deal of automated information exchange on taxes.
Investigations are also reportedly being conducted by Singapore's central bank, the Monetary Authority of Singapore (MAS) and Guernsey's financial authority, the Guernseys Financial Service Commission
Read Also
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
The Importance Of Cashflow Considerations In The Supply Chain
Fully Supported by KB Financial Group- South Korea, Bank Bukopin…
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial…
Today's Industry

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

Senin, 11 September 2023 - 07:45 WIB
ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace
On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

Senin, 11 September 2023 - 06:40 WIB
Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic
Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.
News Comment