International Sanctions Screening

21 June 2023 Compliance Bulletin – June 2023 International Sanctions Screening   Sanctions screening is the process of determining whether a country sanctions a person, company, or other entity. In the financial services industry, this process would normally be part of the KYC (know-your-customers) process. Historically, sanctions screening has been a blind spot for business…

27 April 2023   Corporate Newsletter – April 2023 Indonesian Law No. 4 of 2023 – Easing Insurtech Penetration     The insurance industry was being watched by technology start-ups in light of the maturity of the industry which signifies the readiness for disruption by introducing technology to be part of insurance business’s core. The…

ChatGPT – Privacy Point of View

12 April 2023 Corporate Newsletter – April 2023 ChatGPT – Privacy Point of View   Overview of ChatGPT Chat Generative Pre-trained Transformer (“ChatGPT”) was launched in November 2022. ChatGPT is a language model driven by Artificial Intelligence (AI) built by OpenAI. In a very short period of time, ChatGPT has gained popularity globally to the…

15 March 2023 Corporate Newsletter – March 2023 Corporate Guarantee in Commercial Deals – The Do’s and Don’ts   Indonesian Civil Code categorises ‘guarantee’ as one of the forms of security to ensure performance/fulfillment of certain obligations or engagements (in Bahasa “perikatan”) such as debts, payment obligations. Guarantee would normally be granted by individual. Along…