AML, CFT, and CPF Policies

Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Counter-Proliferation Financing of Weapons of Mass Destruction (CPF)

Financial institutions, especially banks, are very vulnerable to being used for money laundering, terrorist financing, and weapons of mass destruction proliferation financing, so to prevent this, it is necessary to implement a good and effective Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Counter-Proliferation Financing of Weapons of Mass Destruction (CPF) programs.

The implementation of the AML, CFT, and CPF programs includes:

• Active supervision of the Board of Directors and Board of Commissioners
The Board of Directors and Board of Commissioners carry out active supervision and mitigation, provide clear direction, understand the risks, develop a culture and understanding of the importance of implementing AML, CFT, and CPF programs.
Ensuring an adequate organizational structure, establishing clear tasks and responsibilities, ensuring adequate quantity and quality of Human Resources (HR) to support the implementation of the AML, CFT, and CPF programs.
• Policiy and procedure
Policies and procedures are needed to manage and mitigate the risk of money laundering, terrorist financing, and weapons of mass destruction proliferation financing that may be faced by the Bank.
• Internal control
Ensure that all implementation of AML, CFT, and CPF programs aligns with established policies and procedures as well as Financial Services Authority (OJK) regulations.
• Management information system, and
In implementing AML, CFT, and CPF program, a management information system is very necessary. The use of information technology can help the Bank to provide the necessary data, identify customer profiles, monitor, trace, and analyze transactions effectively.
• Human Resources and Training
To increase employee awareness and understanding of the importance of the AML, CFT, and CPF program in preventing the Bank from being used for crime, Bank Mestika continues to provide training/socialization to Bank officers and officials to increase employee knowledge and understanding to minimize the occurrence of money laundering, terrorist financing, and/or weapons of mass destruction proliferation financing.

The implementation of the AML, CFT, and CPF programs needs to be implemented consistently and continuously to create supervision and prevention of money laundering, terrorist financing, and/or weapons of mass destruction proliferation financing.