Bank Indonesia Regulation (2001)

Bank Indonesia Regulation Number 3/10/PBI/2001 concerning the Implementation of the Know Your Customer Principles.

Know Your Customer Principles are principles implemented by a Bank in order to know and recognize its Customer’s identity, monitor its Customer’s transaction including to report suspicious transaction.

The Act contains Chapters and 20 articles as well as an Elucidation.

The Chapters are the following:

1. General Provision
2. Policies on Customer Acceptance and Identification
3. Monitoring Customer’s Account and Transaction
4. Risk Management
5. Reporting
6. Implementation of Know Your Customer Principles for Domestic Bank Located Abroad
7. Others
8. Sanctions
9. Transitional Provisions
10. Final Provisions

Indonesia-Bank Indonesia Regulation-2001-eng (full text in English, PDF)