Financial Crime Financial Crime

Comment: Indonesia's beneficial ownership regime is off to a slow start

By Jet Damazo-Santos and Ben Lucas
  • 10 Sep 2020 00:13
  • 10 Sep 2020 00:13
It’s been over a year since Indonesian companies were supposed to have reported their beneficial owners to the government, but delayed regulations and weak coordination among government agencies have meant that only around 10 percent have so far complied.

As of August, just 106,283 out of 988,574 registered Indonesian limited liability companies

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