Non-cash transactions would end ‘cash-and-carry’ corruption

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Crooks love to settle payments in cash because it is safer than bank transfers, which can be easily traced by the Financial Transaction Reports and Analysis Center (PPATK) that can pass the information to the Corruption Eradication Commission (KPK). The PPATK has proposed that — until the country passes a law on business transactions — Bank Indonesia issue a decree limiting cash transactions to Rp 100 million. Any transactions exceeding Rp 100 million should be conducted through bank transfers.

Read the article by Pandaya in The Jakarta Post.

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