A coalition of Indonesian civil society organizations has raised concerns about recent legislative changes governing bond issuance by Indonesia's Danantara sovereign wealth fund. The groups allege that the new financial law revision could facilitate money laundering activities.

In a letter addressed to the global anti-money laundering watchdog, the coalition called for a review of Indonesia's membership, arguing that the legislation might enable the cleaning of illicit assets. The headquarters of Indonesia's Danantara sovereign wealth fund is located in Jakarta.

These allegations were reported by Reuters and covered by Nikkei Asia, highlighting the call for increased scrutiny over the financial law changes in Indonesia.

Sources