Analysis: Indonesia’s IFC ambitions face credibility test - Academia - The Jakarta Post

The establishment of the Indonesia International Financial Center (IFC), introduced through the revised Financial Sector Development and Strengthening (P2SK) Law, has raised concerns that it could become a channel for illicit funds. The concern stems from the law's simultaneous introduction of legal protections for buyers of special government bonds, shielding them from criminal, civil and tax investigations while prohibiting the bonds from being used for tax assessments or as evidence in court proceedings.

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