UN - Indonesia - U.S.

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Sustainable Development Threatened by 'Finance Divide' and COVID-19. "Enhanced transparency and a more complete information ecosystem will strengthen the ability of countries to manage risks and use resources well. For example, tackling illicit financial flows with improved sharing and use of tax information, enhancing transparency of debt data and developing long-term credit ratings for sovereigns." 

IDN-InDepth News: https://www.indepthnews.net/index.php/sustainability/poverty/5225-sustainable-development-threatened-by-finance-divide-and-covid-19 

[Publication link] 2022 Financing for Sustainable Development Report: Bridging the Finance Divide by Inter-agency Task Force on Financing for Development 


The Government of Indonesia should prevent terrorism financing new methods. "President Joko Widodo urged the Financial Transaction Reports and Analysis Center and all ministries and agencies to take precautionary measures against new-fangled methods of money laundering and terrorism financing." 

ANTARA: https://en.antaranews.com/news/225549/govt-should-prevent-terrorism-financing-new-methods-president  

 

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued advisory on Kleptocracy and Foreign Public Corruption. "Financial institutions and other regulated entities should consider enhancing several aspects of their risk management framework to address heightened expectations for the management of corruption-related risks." 

The FCPA Blog: https://fcpablog.com/2022/04/18/new-fincen-advisory-on-public-corruption-and-kleptocracy-targets-russia/ 


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