FORMER Chairman of the Corruption Eradication Commission (KPK) Abraham Samad pushed for the Draft Law (RUU) on Currency Restrictions to be passed. This prospective regulation is considered important to prevent riots when compared with the Asset Confiscation Bill.
“It has to be a synergy, so it works together. “That can prevent corruption,” said Samad at the KPK’s Red and White Building, South Jakarta, Thursday (31/10).
Samad explained that the Currency Restrictions Bill could prevent bribery and gratification transactions from being carried out in one delivery. On the other hand, the Asset Confiscation Bill can maximize the recovery of assets resulting from criminal acts of corruption.
The DPR is expected to immediately submit the two regulations. Law enforcement in Indonesia is considered to need strong ammunition in eradicating corruption in Indonesia. “Yes, the hope is there should be two. The legislation was expedited. “The cash restriction bill is the same as the asset confiscation law,” said Samad.
The Corruption Eradication Committee is pushing for the Currency Restriction Bill to be passed. It is believed that the prospective regulation could make bribery transactions using cash difficult. “Restricting cash transactions to only IDR 100 million is important (making it difficult to make bribery transactions using cash),” said KPK Deputy for Prevention and Monitoring Pahala Nainggolan to Medcom.idThursday (31/10).
Pahala explained that the Currency Restriction Bill limits people from making cash withdrawals of IDR 100 million a day. So, he said, bribery transactions would take a long time and would be easily detected by law enforcement. “At least he wants to withdraw IDR 1 billion from the bank, but he has to withdraw IDR 100 million in ten days,” he stressed. (J-2)
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**Interview with Abraham Samad: Former KPK Chairman on the Urgent Currency Restriction Bill**
**Editor**: Thank you for joining us today, Abraham Samad. Let’s dive right in. What prompted you to advocate for the Draft Law on Currency Restrictions?
**Abraham Samad**: Thank you for having me. The urgency of this law stems from the need to maintain social stability in our country. We’ve seen how economic disparities can lead to unrest and riots. This regulation is essential in preventing such outcomes.
**Editor**: You mentioned that this law should work synergistically with the Asset Confiscation Bill. Can you elaborate on that?
**Abraham Samad**: Absolutely. The Currency Restrictions and Asset Confiscation Bills are interlinked. While the former helps limit cash flow that can lead to criminal activities, the latter focuses on recovering stolen assets. Together, they create a more comprehensive approach to tackling corruption and ensuring financial integrity.
**Editor**: Why do you believe the Currency Restrictions Bill is more critical at this time than the Asset Confiscation Bill?
**Abraham Samad**: Given the current socio-economic dynamics, immediate measures are essential to prevent potential riots and instability. The Currency Restrictions Bill is proactive. It aims to control the systemic factors that could trigger unrest, whereas the Asset Confiscation Bill is more reactive.
**Editor**: What are the key features of the Currency Restrictions Bill that you believe will be effective in curbing corruption?
**Abraham Samad**: The bill aims to regulate large cash transactions and monitor the flow of money. It will create transparency in financial operations and make it more challenging for corrupt individuals to misuse funds. This proactive step can deter corrupt practices effectively.
**Editor**: In your opinion, what challenges might arise in the implementation of this law?
**Abraham Samad**: One of the primary challenges will be ensuring compliance and developing a robust monitoring system. There’s also the concern of public perception—people need to understand that these measures are in place to protect their welfare, not to violate their rights.
**Editor**: what message do you want to convey to lawmakers and the public regarding the urgency of passing this bill?
**Abraham Samad**: I urge lawmakers to prioritize this bill as a means of safeguarding our democracy. To the public, I would say that this is not just a legislative change; it’s a commitment to ensuring a stable, corruption-free environment for all. Together, we can build a stronger nation.
**Editor**: Thank you, Abraham, for sharing your insights with us today. We appreciate your dedication to the fight against corruption.
**Abraham Samad**: Thank you for having me. It’s my pleasure to discuss such an important issue.
