Tag: BI

Reporting Obligation in Offshore Loan

Reporting Obligation in Offshore Loan Reporting Obligation in Offshore Loan

“Offshore Loans must be reported to Bank Indonesia.” In regard to supporting and/or expanding a business, some entrepreneurs borrow funds from abroad to cover the costs they need. The borrowing of funds from abroad is included in the activities of Foreign Exchange Traffic, so it needs to be reported to the competent authority, which is […]

The Legal Aspects in the Electronic Signature

The Legal Aspects in the Electronic Signature The Legal Aspects in the Electronic Signature

“An Electronic Signature must meet some requirements to have the same legal force as a Manual Signature.” Nowadays, almost everything can be done online through the internet, including transactions and correspondence. Therefore, an Electronic Signature (“E-Signature”) is needed to support and accommodate the online transactions and correspondence which need an online approval from the person […]