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Apr

26

Failing to Disclose Information Regarding Beneficiary Ownership, Corporations Shall Face Obstruction by the Directorate General of General Legal Administration, Ministry of Law and Human Rights in Indonesia

The disclosure of beneficial ownership data by corporations is crucial in preventing corruption in licensing and procurement of goods/services, as well as in aiding case management. However, as of December 2022, only 38.47% of beneficial ownership data has been declared in Indonesia. To become a member of the Financial Action Task Force (FATF), the Indonesian government, through the Directorate General of General Legal Administration (Ditjen AHU) of the Ministry of Law and Human Rights (“MOLHR”), is intensively overhauling the beneficial ownership data.

Recently, the Directorate General of General Legal Administration of the MOLHR announced on its official website that corporations that have not reported their beneficial ownership data will be temporarily blocked from accessing the Legal Entity Administration System. To regain access, corporations are required to complete the beneficial ownership submission via the https://bo.ahu.go.id page and submit an application to unblock such access by emailing badanhukum.perdata@ahu.go.id along with evidence of reporting.

This is in line with Presidential Regulation No. 13 of 2018, which stipulates the submission of reports on beneficial ownership by corporations as a fundamental regulation in Indonesia. The public can also monitor the progress of beneficial ownership declarations and data transparency and see a list of corporations that still need to report their beneficial ownership data on the https://bo.ahu.go.id page.

If assistance is needed in submitting beneficial ownership data, Schinder Law Firm is one of the many corporate law firms in Indonesia that can help. Our professional civil lawyers and dispute lawyers will strive to understand your unique needs and concerns and develop creative, cost-effective ways to assist you. To learn more, please contact us at info@schinderlawfirm.com to schedule a consultation and discuss how we can be of assistance.

Author: Dewi Susanti

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Dear valued Visitor,

Data is a valuable currency in this new world. In the midst of digital transformation, the Indonesian government has taken the final decision to pass the Pelindungan Data Pribadi (PDP) Bill by September 2022. The PDP Law applies to all businesses established in Indonesia and puts the consumer in control. The task of complying with this regulation falls upon businesses.

The PDP Law affects a variety of business operations, including how your sales team prospect and how marketing initiatives are managed. Businesses have had to reassess their business procedures, applications, and forms. Additionally, all businesses that work with personal data should designate a Data Protection Officer (DPO) or data controller to oversee PDP compliance.

In line with this spirit, it gives us great pleasure to announce and share with all our esteemed clients and business associates that Schinder Law Firm is prepared to assist your company to understand the impacts of the Personal Data Protection Law (PDPL) and take the required measures to comply with the law. Our Privacy, Data Protection, and Cybersecurity practice group is a pioneer in providing data privacy law services in Indonesia. Personal data protection services include but are not limited to:

  • Assessing the existing systems, processes, and controls, etc.
  • Providing provide gap assessment on the existing systems, processes, and controls, etc.
  • Developing and ensuring contracts and agreements comply with the PDP Law
  • Developing policies, best practices, and procedures
  • Advising on the security of personal data and managing data breaches
  • Acting as the Data Protection Officer (DPO) and advising upon the appointment, role, and responsibilities of a data protection officer
  • Advising on cross-border transfers of personal data
  • Carrying out data protection impact assessments and data protection audits
  • Recommending other necessary corrective actions in order to comply with the PDP Law
  • Training on the PDP Law tailored to clients’ businesses

We look forward to many more opportunities in the year ahead with your continued support and trust. For consultation, please send us a WhatsApp or Email.

Warmest regards,
Naz Schinder
Managing Partner

Our Service

Keep Up with the New Law in Indonesia: Personal Data Protection

  • Assessing the existing systems, processes and controls, etc.
  • Providing provide gap assessment on the existing systems, processes and controls, etc.
  • Developing and ensuring contracts and agreements comply with the PDPL.
  • Developing policies, best practices and procedures.
  • Advising on security of personal data and managing data breaches.
  • Acting as the Data Protection Officer (DPO) and advising upon the appointment, role and responsibilities of a data protection officer.
  • Advising on cross-border transfers of personal data.
  • Carrying out data protection impact assessments and data protection audits.
  • Recommending other necessary corrective actions in order to comply with the PDPL.
  • Training on the PDPL tailored to clients’ businesses.
Privacy, Data Protection and Cyber Security
We help our clients to understand the impact of the Personal Data Protection Law (PDPL) on their companies and take the required measures to comply with the law.
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