Tax Amnesty could not trigger criminal investigation
Indonesian Finance Minister Sri Mulyani Indrawati said that the Singaporean government told her they had encouraged all banks in Singapore to support their clients wanting to join the Indonesian tax amnesty programme. Singapore also has rules stipulated by its Financial Action Task Force that banks must follow. The rules say banks have to report any suspicious transactions to prevent illegal activities or money laundering. However, Sri Mulyani said Singaporean authorities said Indonesians joining the amnesty could not be considered an action that could trigger a criminal investigation . MAS said that it has advised banks to encourage their clients to take advantage of tax-amnesty programmes to get their tax affairs in order.
