PT Bank Mega Tbk is a local Indonesian bank, first established as Bank Karman in 1969. In 1992 Bank Karman was acquired by PARA GROUP and changed its name to PT Bank Mega.

In 2000 it became publicly listed company after Initial Public Offering in Jakarta Stock Exchange and later known as PT Bank Mega Tbk. (Bank Mega). Bank Mega has secured a license to operate as foreign exchange bank since January 2001

Bank Mega focused services in retail business.
Supported by 311 branches with 548 ATMs, it serves retail customers 630.000 throughout all Indonesia’s region. The two main key businesses Bank Mega engaged in are, Consumer, Retail banking specializes in small medium enterprise and Commercial Banking.

Bank Mega is subject to supervision, monitoring and guidance from Indonesia’s Banking Regulator (Bank Indonesia).

In keeping with the fight against money laundering and combating terrorist financing Bank Mega has implemented the Anti Money Laundering & Combating Financing Terrorism Program throughout its network and business units which cover the following :

●    Comply with applicable Anti Money Laundering & terrorist Financing laws and regulations, Indonesian Law on Money Laundering (Law of the Republic Indonesia no 15 Year 2002 concerning The Crime of Money Laundering as amended by Law no 25 Year 2003), Anti Money Laundering & Combating Financing Terrorism (AML & CFT) guidelines established by Indonesia’s Banking Regulator as well as INTRAC (Indonesian Financial Transaction Report and Analysis Center – Indonesian Financial Intelligence Unit) and best practices in accordance with the recommendation of Financial Action Task Force.

● Appoints Anti Money Laundering Officer whose responsible to senior management and the Board of Directors for establishing and maintaining the Bank’s Anti Money Laundering compliance program.

●    Maintain written policy and procedures for AML & CFT approved by Board of Directors and Board of Commissioners which apply to all business units.

●    Obtain opening account documentations as required by law and regulations, as well as necessary documents when conducting transaction with walk in customer

●    Maintaining and updating list of suspect individuals and organizations,  circulated by Indonesia’s Central Bank, included terrorist names database

●    Implement a risk based assessment in monitoring customer’s transaction and detecting suspicious account activities and conduct enhance due diligence for high risk customers.

●    Employ a System to monitor unusual transactions and detect suspicious transactions.

●    Compliance to internal AML & CFT policies & procedures is monitored by Internal Audit, Area Compliance Representatives, Regulator’s review of compliance with applicable anti-money laundering guidelines and regulations.

●    Provide AML & CFT training for all employees. Special training programs are prepared for designated employees (customer service, back office, marketing, internal auditor, etc) which include customer identification, account activities monitoring and reporting transaction to Government authorities.

●   PT Bank Mega does not conduct business with Shell Banks.

●    Fully cooperate with law enforcement and regulatory agencies to the extent permitted by laws.