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

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Jet Damazo-Santos

Correspondent, Jakarta

Jet Damazo-Santos has been covering antitrust, data protection and other compliance issues in key jurisdictions in Southeast Asia for MLex full time since 2018. She has almost two decades of journalism experience in the Philippines and Indonesia, where she was the associate editor for the Jakarta Globe and the Jakarta bureau chief for Rappler Indonesia prior to joining MLex. She holds a master's degree in Applied Business Economics from the University of Asia and the Pacific.

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