Remittance Letter Template for Indonesia

A Remittance Letter is a crucial document in Indonesian banking transactions, used when individuals or organizations need to transfer funds domestically or internationally. The document is essential for compliance with Indonesian banking regulations and anti-money laundering requirements. It serves as both an authorization for the transfer and a record of the transaction details. The Remittance Letter must include specific information required by Bank Indonesia and the Financial Services Authority (OJK), including sender and recipient details, transaction purpose, and source of funds declaration. This document is particularly important for businesses engaged in international trade, companies making overseas payments, or individuals transferring funds across borders. The format and content must align with Indonesian banking laws and regulations, including Bank Indonesia Regulation No. 16/22/PBI/2014 and related anti-money laundering provisions.

1. Sender Details: Full name, address, and contact information of the remitting party

2. Recipient Details: Full name, address, and bank account details of the beneficiary

3. Transaction Details: Amount being transferred, currency, and purpose of remittance

4. Bank Information: Details of both sending and receiving banks, including SWIFT codes and routing information

5. Declaration of Funds: Statement about the legitimate source of funds and purpose of transfer

6. Authorization: Explicit authorization for the bank to process the transfer and debit the sender's account