About APU-PPT Program

The implementation of the APU and PPT (Anti-Money Laundering and Prevention of Terrorism Financing) programs is a commitment of the Board of Directors and the Board of Commissioners of PT Bank SUMUT in building an adequate Risk Culture at all levels of the organization, as well as preventing Bank products and services from being a medium for money laundering and terrorism financing.

The main basis of reference is OJK Regulation No. 12/POJK.01/2017 and No. 23/POJK.01/2019 concerning Implementation of Anti-Money Laundering and Counter-Terrorism Financing Programs in the Financial Services Sector. Bank SUMUT has established Guidelines for the Implementation of APU and PPT within Bank SUMUT in Regulation Number 002/Dir/UKK APU-PPT/PBS/2017 dated 15 September 2017 which is a refinement of the previous Regulation.

In order to support the implementation of the APU and PPT program, Bank SUMUT has established a Special Task Force as a unit directly responsible to the Director of Compliance for the implementation of the APU and PPT Program. The establishment of the APU and PPT Special Task Force was ratified through the Decree of the Directors of Bank SUMUT Number 061/Dir/DPr-PP/SK/2010 dated 29 April 2010 concerning the Establishment of the Anti-Money Laundering and Prevention of Terrorism Financing Special Unit (APU-PPT UKK).

The following is the Implementation Policy for the Anti-Money Laundering and Combating the Financing of Terrorism (APU-PPT) Program.