Indonesia Freezes Rp 2 Billion Worth of Terrorist Financial Asset

Liputan6.com, Jakarta - The Report and Analysis Center for Financial Transaction (PPATK) went to freeze financial asset with the worth valuing up to Rp 2 billion which comes from 26 disparate bank accounts.

Those accounts were allegedly owned by terrorist organizations whose names have been enlisted by the United Nations.

"26 bank accounts were held under 364 individuals that are currently enlisted as terrorists by Central Jakarta District Court and as many as 17 entities were also discovered during probe which carries fund valuing up to Rp 2 billion. That grandiose amount of financial asset has been probed over and frozen," Head of PPATK Muhammad Yusuf Ali informed on Monday 28 December 2015.

According to Yusuf, freezing financial asset of suspicious account or ones that have direct association to terrorist organizations is deemed important as to help identify the culprit behind the source of funding in their unwanted ventures.

Yusuf further explained how his counterpart in Australia managed to identify one man who has facilitated a number of Indonesian terrorists with financial backings.

"The amount is not to big, but it does get bigger each year. Sometimes it is harder to trace as they often use the method of handing in cash rather than through bank account," he concluded.