The Law grants greater powers to the Financial Transaction Reports Analysis Center (“PPATK”), the main player in preventing and eradicating money laundering. Under the Law, involvement of a wider arrays of state officials is provided for, as well as new authority for such officials to assist with their endeavors to combat and eradicate money laundering.
The Regulation essentially aims to develop a reliable common standard for ATSs, so that fair, efficient, effective, and transparent futures trading can take place. The Regulation was issued on 21 January 2010, with the provisions having come into force on 1 October 2010.
The Regulation basically provides guidelines on the procedures and requirements for Mining Business License (IUP) and Special Mining Business License (IUPK) (mining license) holders to request approval from the Director General of Mineral, Coal, and Geothermal at the Ministry of Energy and Natural Resources to employ the services of their affiliates and subsidiaries in carrying out the mining license holders’ mining business activities.
The Draft addresses, at times in very general terms, the utilization and development of 'new energy' and 'renewable energy' sources, with a view to establishing a legislative framework to systematically encourage and regulate the development of the energy sector in relation to such energy sources.
The Regulation sets out a relatively comprehensive framework that budget users and potential goods and service providers have to follow in the course of the procurement process.
IPTV is a technology that distributes radio and television broadcasts, video, audio, text, graphics, and data over Internet Protocol (IP) networks, while enabling a user experience that is more customized and interactive than traditional television services. In other words, IPTV is a system through which internet television services are delivered.
The Bill, when passed into Law, will essentially create civil asset forfeiture, with its lower burden of proof, in addition to the criminal forfeiture already present in Indonesian legislation.
The regulatory scope of supervision extends to holders of: Mining Business Licenses ('IUP'), Community Mining Licenses ('IPR'), and Special Mining Business Licenses ('IUPK').
This Indonesian Law Digest will survey the Regulation’s guidelines, with attention to criteria for, and conditions upon state monopolies in strategic sectors.
The Regulation addresses licensing in the crop cultivation business, and sets out the licensing regime for both domestic and foreign owned crop cultivation businesses.