Secondly we need smarter and more sophisticated ways of cooperation between financial institutions and between them and public authorities in the field of CDD and transaction monitoring. We need a European supervisory mechanism to guarantee an effective and consistent regulatory framework.
Fifth, promoted public campaign program on KYC/AML, in cooperation with AusAID. In 2005, we will continue and intensify KYC/AML program, through 2 channels, namely designing and budgeting an Initiative Program, as well as conducting supervision and examinations for all banks to ensure compliance with the KYC/AML regulations.