Jakarta, April 23 -- Indonesia secured a permanent seat in the Financial Action Task Force (FATF), a money laundering and terror financing watchdog, after member states accepted its bid during a plenary meeting in Paris on October 25 last year.

The membership followed Indonesia's consistent endeavors to become the 40th member of the FATF since June 29, 2018, when the country was granted observer status.

International recognition of Indonesia's regulatory effectiveness and regime of anti-money laundering, terror financing prevention, and weapons of mass destruction (WMD) non-proliferation is expected to support the economy by drawing domestic and foreign investments.

Following up on the good news, the government issued Presidential Decr...