By Stefanno Sulaiman
A coalition of Indonesian civil society groups has urged the FATF (Financial Action Task Force) to review legal protections given to buyers of bonds issued by sovereign wealth fund Danantara, warning the measure may breach anti-money laundering standards.
A law passed last month enacted broad protections, including from potential criminal and tax-related prosecution, to buyers of the bonds that will raise capital for Danantara, which is executing a number of President Prabowo Subianto’s ambitious policy plans.
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