This is the Purpose of Blocking Dormant Accounts by the Financial Transaction Reports and Analysis Center (PPATK)

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Law Concerning Telecommunications Considered Out of Date", "Tips to Overcome Fraud Using Social Engineering Mode", you may read also "The Ministry of Maritime Affairs and Fisheries of Indonesia has arrested an Illegal Chinese Ship in Bali" and on this occasion we will discuss about 'This is the Purpose of Blocking Dormant Accounts by the Financial Transaction Reports and Analysis Center (PPATK)'.

The Financial Transaction Reports and Analysis Center (PPATK) has spoken out regarding the mass blocking of bank accounts. The blocking of the accounts went viral on social media. PPATK Head Ivan Yustiavandana said that the cessation of transactions on dormant accounts was in the public interest. The use of dormant accounts controlled by other parties is one of the modes that is prone to misuse in illegal activities. Dormant accounts are a banking term used to describe bank accounts that have not had any transactions for a long time, such as withdrawals, deposits, or transfers in a certain period.[1]

Therefore, his party with its authority based on Law No. 8 of 2010, has temporarily suspended customer transactions with accounts that are declared dormant based on banking data. "This step is an implementation of the National Movement for the Prevention and Eradication of Money Laundering and Terrorism Financing carried out by PPATK and other stakeholders and also as part of PPATK's efforts to protect the public interest and maintain the integrity of the Indonesian financial system. The temporary suspension of dormant account transactions aims to provide protection to account owners and prevent misuse by irresponsible parties," said Ivan.[2] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

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References:

1. "Heboh Rekening Bank Terblokir Massal, PPATK Buka Suara", www.detik.com., Retno Ayuningrum, 19 Mei 2025, Diakses pada tanggal 22 Mei 2025, Link: https://finance.detik.com/moneter/d-7920567/heboh-rekening-bank-terblokir-massal-ppatk-buka-suara?mtype=mpc.ctr.A-boxccxmpcxmp-modelA#google_vignette

2. Ibid.