PALMOILMAGAZINE, JAKARTA — Indonesia’s Ministry of Trade, through the Commodity Futures Trading Regulatory Agency (Bappebti), has officially launched the 2025 Sectoral Risk Assessment (SRA) for Commodity Futures Trading (Perdagangan Berjangka Komoditi/PBK). The initiative forms a key part of the 2025 National Action Plan on the Prevention and Eradication of Money Laundering (AML), Terrorist Financing (TF), and the Prevention of Proliferation Financing of Weapons of Mass Destruction (PF-WMD).
The move also underscores Indonesia’s commitment as the 40th member of the Financial Action Task Force (FATF), which places strong emphasis on identifying, assessing, and understanding money laundering and terrorist financing risks at both national and sectoral levels.
Bappebti Head Tirta Karma Senjaya said the SRA is a direct follow-up to FATF recommendations requiring Indonesia to conduct continuous risk assessments. At the national level, Indonesia completed its risk assessment for AML, TF, and PF-WMD in 2021. As a next step, strategic sectors—including the commodity futures trading industry—are required to carry out more detailed sector-specific risk assessments.
“The commodity futures trading industry plays a strategic role in the national economy, but it also carries inherent risks related to money laundering and terrorist financing,” Tirta said in a written statement received by Palmoilmagazine.com on Monday (December 15). “The 2025 PBK SRA is a concrete effort to safeguard the integrity of Indonesia’s financial and trading systems.”
He expressed hope that the assessment would strengthen supervisory governance, enhance industry compliance, and steer the PBK sector toward becoming healthier, more transparent, competitive, and integrity-driven. The document is also expected to support Indonesia’s broader efforts to combat AML, TF, and PF-WMD.
The 2025 PBK SRA was developed to identify, analyze, and map sectoral risks across four key dimensions: products, geographic areas, customer profiles, and distribution channels. Its methodology is aligned with international best practices, drawing on guidance from the International Monetary Fund (IMF) and FATF.
Matheus Hendro Purnomo, Head of Bappebti’s Bureau for PBK Supervision, Warehouse Receipt Systems (SRG), and Commodity Auction Markets (PLK), said the assessment was carried out through a structured and systematic process. This included questionnaire development, data collection and analysis, and extensive discussions involving multiple stakeholders.
These stakeholders comprised internal Bappebti units, the Financial Transaction Reports and Analysis Center (PPATK) as Indonesia’s Financial Intelligence Unit, futures exchanges, futures brokers, and the Indonesian Commodity Futures Trading Association (Aspebtindo).
“The AML risk assessment shows that, from a product perspective, Alternative Trading Systems (ATS) for the mining and energy sectors pose a high level of risk,” Hendro explained. “Geographically, DKI Jakarta, West Java, and East Java are classified as high-risk regions.”
In terms of customer profiles, he added, legislators and government officials, entrepreneurs, and private-sector employees fall into the high-risk category. Meanwhile, Standard Customer Due Diligence (CDD) was identified as a high-risk distribution channel.
For terrorist financing risks, the highest potential was also found in ATS and multilateral products in the mining and energy sectors. High-risk regions include DKI Jakarta, West Java, East Java, and Bali. Customer profiles deemed high risk include administrators or employees of NGOs or non-incorporated organizations, religious leaders, entrepreneurs, as well as managers and staff of foundations or other legal entities. Standard CDD again emerged as the highest-risk distribution channel.
Meanwhile, proliferation financing risks within the PBK sector were generally assessed as low. To date, there has been no evidence of direct involvement of the commodity futures trading sector in PF-WMD activities. The analysis also found no PBK customers originating from countries on the FATF blacklist, such as North Korea and Iran.
Separately, Bappebti Secretary Ivan Fithriyanto said the launch of the 2025 PBK SRA is expected to support the sustainable strengthening of Indonesia’s commodity futures trading industry. Futures brokers are encouraged to reinforce risk-based AML, CTF, and PF-WMD programs and to use the SRA as a reference in determining customer risk profiles and designing more effective mitigation policies.
“Business integrity can be built through sound policies in responding to industry risks,” Ivan said. “With strong integrity, public trust will grow, which in turn is expected to drive higher transaction volumes in Indonesia’s commodity futures trading market.” (P3)
