High Risk Jurisdiction
Bank BTN carries out Enhanced Due Diligence (EDD) and proportional and adequate preventive measures or (countermeasures). against risks, business relationships, transactions, potential customers, Walk In Customers (WIC), and/or customers who come from high-risk countries published by the Financial Action Task Force (FATF) to be carried out preventive measures (countermeasures). In carrying out High Risk monitoring Jurisdiction, Bank BTN uses an Anti-Money Laundering (APU) system, Prevention of Terrorism Financing (PPT) and Prevention of Proliferation Funding Weapons of Mass Destruction (PPPSPM) which can be accessed by all APU, PPT officers and PPPSPM on the front line (customer service). List of high risk countries published by Bank BTN in accordance with FATF as follows:-
High-Risk Jurisdictions subject to a Call for Action is country/jurisdiction high risk that has significant strategic deficiencies in the prevention regime and eradicating money laundering, terrorism financing and funding the proliferation of weapons of mass destruction, so Bank BTN was asked to implement EDD, and in very serious circumstances, implemented it countermeasures against countries identified as high risk in order to protect the system Indonesian finances from criminal activities such as money laundering, terrorist financing and/or funding Proliferation of Weapons of Mass Destruction (TPPU, TPPT, and/or PPSPM) whose risks originate from the state the following, namely:
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- Jurisdictions subject to a FATF call on its members and other jurisdictions to apply countermeasures:
- Democratic People's Republic of Korea (North Korea); and
- Iran
- Jurisdiction subject to a FATF call on its members and other jurisdictions to apply EDD measures proportionate to the risks arising from the jurisdiction:
- Myanmar
- Jurisdictions subject to a FATF call on its members and other jurisdictions to apply countermeasures:
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Jurisdictions with strategic deficiencies, namely countries/jurisdictions that are deemed not to have implemented action plans for implementing the APU, PPT and PPPSPM programs so that they are closely monitored, namely:
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- South Africa
- Barbados
- Bulgaria
- Burkina Faso
- Philippines
- Gibraltar
- Haiti
- Jamaica
- Cameroon
- Croatia
- Mali
- Mozambique
- Nigeria
- People's Republic of the Congo
- Senegal
- South Sudan
- Syria
- Tanzania
- Türkiye
- Uganda
- United Arab Emirates
- Vietnam
- Yemen