The Circulation Of Counterfeit Money Has Not Been Segawat US RI

Jakarta -Although there are already Laws forbidding the Currency Legislation and to give heavy sanctions for anyone who makes false money and circulate, it seems no deterrent effect so make for the perpetrators. Bank Indonesia (BI) notes, until June this year, the circulation of counterfeit money reaches 4 sheets in 1 million pieces of money.

"In 2012 this June, there are 4 pieces per 1 million," says the Director of the Department of circulation of Money Bank Indonesia, Bank Office, Adnan Djuanda Kartawidjaja on Indonesia, Thursday (16/8/12).

However, nevertheless if European and American countries compared, Adnan said, Indonesia still belongs to yet so worrying.

"When compared with other countries we have not too critical, Euro, US Dollar higher than the US, let alone US $, it's international, more than 20-30 sheets per 1 million," he said.

He said, most counterfeit money circulating in Indonesia is fractional USD. He said, in this year, there were 21.497 money fractional Rp 100,000 pieces in circulation.

"Fractions which are often faked is the Rp 100,000, in 2009 there are 36.377 sheets, in 2010 there were 146.366, 2011 and 2012 there are 61.357 21.497 sheet," he explained.

Further charted, the capital of Jakarta, Adnan is a dominant circulation of counterfeit money with the percentage of 28% or as much as 11.758 sheets.

"The biggest Deployment took place in Banten, Jawa and 2012, 11 758 thousand or 28%, Jabar 9879 (24,05%), Java (8815 21,46%), Lampung as 1759 (4.30 out%) and other regions such as Central," he said.

(Jim/dru)

Remember, Nothing will Replace Money BI Fake

Jakarta, Indonesia -Bank Indonesia (BI) reminded the public to be cautious return to the circulation of counterfeit money. Fake money losses for the people who get it, will not be replaced by BI as a central bank.

According to the Director of the Department of circulation of Money Bank Indonesia, the circulation of counterfeit money, Adnan Juanda is not only detrimental to the Government but also society who has it because none of the central bank that would provide compensation to people who get it.

"The concern of the fake money is, none of the central bank, which will replace the money these fake, nelangsanya there. That's why people should pay attention to 3D (Views, we handle them, Diterawang), "says Adnan at Bank Indonesia, Jakarta, Thursday (16/8/12).

Mode is done the fake money dealers are diverse. The fake money dealers usually take advantage of kelengahan owner of small stalls, usually acting on the eve of mereke day to buy something.

"They cheat if they buy roko maghrib-maghrib, shopping, chances are people will be exposed to the transaction performed in which circumvention because if the evening is difficult to distinguish which one is the original with a fake," he said.

In addition, the syndicate trafficking counterfeit money was also done through an intermediary-intermediary. They also mix the fake money with genuine money, so the community will more easily fooled.

"There is a grocery, pake transactions. That they are not simply logs, intermediary-intermediary pake. Then the diintegorasi police, they mix the fake money with genuine money, this is dangerous, because it is biased, "he explained.

Whereas, after the enactment of the currency ACT, Adnan says every person convicted trafficking counterfeit money it would be criminal to jail for 15 years.

As known, in Indonesia until June of this year, Bank Indonesia noted the fake money circulation reached 4/sheet 1 million, which is 28% of them dominated by money fractional USD 100 thousand.

(Jim/hen)

BI's ' Mafia ' False Money Makers Increasingly Sophisticated

text is null
Parameter name: text

Help Iran Wash Money, Standard Chartered Fined Rp 3.2 Trillion

New York -Clear truth already charges against Standard Chartered which are alleged to have helped clients evade U.S. sanctions Irannya. Yesterday, Standard Chartered, the banking watchdog agency announced New York had dropped a fine of US $ 340 million (USD trillion 3,23).

' Civil Penalty ' was issued after allegations emerged that banks based in London that has been hiding the 60,000 transactions worth US $ 250 billion (USD $ 2.375 billion) with clients prohibited Iran for more than 10 years.

Clients include two forbidden Government banks, the Central Bank of Iran and the National Bank of Iran, which Washington has been accused by Tehran sought nuclear weapons membantur and financing of terrorism.

According to the terms of the settlement with New York's Department of Financial Services, Standard Chartered had agreed to allow the watchdog of the Government's anti-money laundering in New York his branch for two years.

They will also appoint auditors in-house to check conformity with fulfilment AS sanctions. According to Standard Chartered, deal more details will soon be announced. CHIEF EXECUTIVE Peter Sands of Standard Chartered, was in New York when this deal happen.

Settlement through payment of the fine is still far from the worst case scenario that can be experienced by Standard Chartered. New York's Department of Financial Services had questioned whether banking licenses revoked so that Standard Chartered should more effectively deciding access to the u.s. market.

"Standard Chartered offers settlement for US $ 5 million, so this apparent increase," said Morningstar analyst, Erin Davis, quoted from AFP (15/8/2012). Davis added, a fine of US $ 340 million will not have a major impact on the finances of the bank. The first half of 2012, Standard Chartered reported a profit of US $ 3.95 billion ($ 37,53 billion).

But Standard Chartered will still be under the supervision of other u.s. regulators. Value stocks Standard Chartered has plummeted to 15% since the allegations surfaced a week ago. Yesterday, the Treasury Department told AFP that the settlement through a payment of fines is not going to stop an investigation of their own.

"Our Investigation continues. The Ministry of finance will continue to work with our regulators and law enforcement partners to hold the Standard Chartered up whatever activities need to be sanctioned, "said an official.

The Ministry of Justice also said they will continue to do the Act which is reasonably feasible. Meanwhile, the Federal Reserve said it continues to work with other agencies to find a comprehensive resolution.

Standard Chartered has hinted that they would also carry out the settlement with the same agency-Agency. They say, "designation of the time to whatever resolution will be communicated in due course."

The lobby group "United Against Nuclear Iran," said New York authorities too lenient and federal investigator should not have made the same mistake. "According to the report, Standard Chartered should get action penalties harsher," they wrote in a statement.

"Whatever financial institutions found in violation of the sanctions on Iran must accept death penalty and losing their licenses to do business in the us." In the past decade, the u.s. and its allies apply sanctions against banks, institutions and individuals to stop Iran's nuclear weapons program in Iran.

Questions about Iran's nuclear weapons became a hot issue in November'S U.S. presidential election later. Along several blocks of voting press President Barack Obama to crack down on Iran's regime more forcefully.

(ang/ang)