New BI Regulation on Foreign Exchange Activities (LLD)

With regards to the issuance of Bank Indonesia Regulation Number 18/10/PBI/2016 on Monitoring of Foreign Exchange Traffic for Bank and Customers, please be informed that any outgoing transfer in foreign currency with amounts over USD 100,000 (A Hundred Thousand US Dollar) or its equivalent will need to be supplemented with supporting documents. Further provision on the details of such supporting document requirements will be issued by Bank Indonesia and we will inform you further when it is available.

Should you have any questions related to the abovementioned matter, please contact your Relationship Manager or Client Service Manager

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