Friday 02 December 2022
The Indonesian Minister of Law and Human Rights, His Excellency Yasonna Laoly, visited Guernsey for the first time on 28th November to help strengthen cooperation on asset recovery and to combat transnational financial crime.
His visit follows recent discussions on this topic that took place in September between the Director of the Economic & Financial Crime Bureau (EFCB) and Indonesian officials in Berlin.
During his time in Guernsey, Minister Yasonna Laoly met the President of the Policy & Resources Committee, Deputy Peter Ferbrache, and the President of the Committee for Home Affairs, Deputy Rob Prow. As part of the programme for the visit, the Minister and the President of the Committee for Home Affairs signed a Letter of Intent demonstrating the commitment of the governments of Guernsey and the Republic of Indonesia to combat transnational crime, particularly international financial crime and money laundering, which is aimed at encouraging effective cooperation and information sharing between their respective law enforcement authorities.
The Director of the EFCB and the Chief of Secretariat for Bank Indonesia Liquidity Assistance Task Force also signed a Letter of Cooperation to facilitate the sharing of information and intelligence between the EFCB and relevant Indonesian enforcement and regulatory authorities to aid asset recovery investigations.
President of the Committee forHome Affairs, Deputy Rob Prow said:
"It was a privilege to meet the Indonesian Minister of Law and Human Rights, Yasonna Laoly, and to welcome him to Guernsey. I also expressed Guernsey's condolences to the Republic of Indonesia following the devastating earthquake that struck the island of Java last week.
"I was pleased to be able to sign a Letter of Intent today to strengthen mutual cooperation between law enforcement authorities in combatting money laundering and other transnational crime. As Guernsey continues to develop its international identity and bilateral relations with jurisdictions across the globe, it is imperative that we continue to work cooperatively with our international partners on areas of mutual interest. This work demonstrates our ongoing commitment to meeting international standards on combatting financial crime, and I look forward to continuing to progress discussions with counterparts in the Republic of Indonesia."
Indonesian Minister of Law and Human Rights, Yasonna Laoly said:
"This is my first visit to this beautiful Island of Guernsey and I am looking forward to having close cooperation with you particularly on combating transnational crimes. Indonesia welcomes the generous offer from the government of Guernsey to strengthen cooperation with the Government of the Republic of Indonesia in the field of asset recovery.
The government of Guernsey had enacted a new law which led to the establishment of the Economic & Financial Crime Bureau (EFCB). We are hopeful that both of these instruments, the new law and the EFCB, can provide new opportunities for our jurisdictions to work together to recover assets from proceeds of crime."
