REPUBLIKA.CO.ID, JAKARTA -- The Financial Transaction Reports and Analysis Centre (PPATK) has observed a flow of fund of 1,4 billion US dollars by Standard Chartered since last January. PPATK now would focus on verifying the legality of the fund.

Chairman of PPATK Kiagus Ahmad Badaruddin said they had not received a report from Singapore on 1.4 billion US dollars flow of fund. Meanwhile, the reports from Europe had been obtained.

After grouping the flow of fund from January until March, PPATK coordinated with the authorities in April. Then, in September, PPATK sent their reports to related authority in Indonesia.

"That's all we're saying, maybe now it's being processed by parties that we're reporting," Badaruddin told Republika.co.id, Monday (October 9).

PPATK said they were suspicious with the funds trasnferred from Guernsey to Singapore. PPATK suspected that the funds might came from criminal acts, whether corruption, tax evasion, and etc.

"However, it must be proven by the authorities," he added.

He also said 1,4 billion US dollars did not belong to a single person or agency, and transfers of fund were not done all at once. 

Previously, Bloombergreported that regulatory body in Europe and Asia was investigating the UK-based bank, Standard Chartered Plc. They detected a staff of Standard Chartered played a key role in transferring 1,4 billion US dollar from Guernsey to Singapore. 

The fund was suspected owned by Indonesian client believed to have links to the military. The transfer process occured in late 2015, a year before Guernsey adopted Common Reporting Standard, a global framework for exchange of tax data.

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