His country Fear Bankruptcy, Banking Singapore Indonesian Employers Report to Police

Indonesian society began to worry over shocking report about Forgiveness Program Taxes (Tax Amnesty). Because private banking in Singapore is said to have revealed to the local police the names of customers who follow the Tax amnesty program.

This makes the Minister of Finance (Finance), Sri Mulyani Indrawati started hot on the news. Sri Mulyani admitted directly call on the Prime Minister Ekonomo Singapore, Tharman Shanmugaratnam

According Tharman, when checking the news to the Monetary Authority of Singapore (MAS) Banking in Singapore are required to report the financial transactions of its customers to the local police. Required to report in accordance with the rules imposed by the Financial Action Task Force (FATF).

"The banks in Singapore have to report the transaction, it is an obligation that has to be done banking there, as well as banks in Indonesia should report if no transaction is considered suspicious, whether in this case the money laundering or whether terrorist financing" said Sri Mulyani at the office of Coordinating Ministry for Economic Affairs, Jakarta, Friday (16/09/2016).

Sri Mulyani said that FTAF issued the same policy as in Indonesia to detect money laundering or terrorist financing.

He reiterated the Monetary Authority of Singapore has asked the local banks in Singapore to facilitate citizens who would join the Tax Amnesty save their money in banks in Singapore.

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