Key facts
- Indonesian civil society groups allege new financial legislation could facilitate money laundering.
- The legislation pertains to bond issuances by the Danantara sovereign wealth fund.
- Groups requested a review of Indonesia's membership in the global anti-money laundering watchdog.
- The watchdog has declined to initiate a probe into the matter.
A coalition of Indonesian civil society organizations has expressed concern that recent legislative changes could allow illicit assets to be used for purchasing bonds issued by the Danantara sovereign wealth fund. The groups had written to the global anti-money laundering watchdog, urging it to review Indonesia's membership based on these concerns. However, the watchdog has declined to launch an investigation into the matter.