transaktiomaksud

Transaktiomaksud is a term used in Indonesian financial practice to refer to the declared purpose of a monetary transfer or payment. The word combines transaksi (transaction) and maksud (intent or purpose). In everyday banking, the transaktiomaksud field is filled by the customer to indicate why funds are moving, such as payment for goods or services, personal remittance, gift, or investment.

Regulatory context: In many jurisdictions, including Indonesia, understanding the purpose of a transaction is part of customer due diligence and anti-money laundering controls. Banks use the information to assess risk, monitor for unusual patterns, and comply with reporting duties. The transaktiomaksud can influence transaction screening and approval decisions, particularly for cross-border transfers that require clear justification.

Operational use and limitations: The field relies on customer-supplied information and may be subject to change or misrepresentation. Some categories may be too broad, and staff may need to supplement with transaction history or documents. Data privacy considerations apply.

Criticism and variations: The term is not universally standardized and may appear only in certain banks or systems. Some experts note that it may still allow opaque flows if misused, while others argue it improves transparency when combined with source-of-funds information.

Examples: A transfer labeled "Pembayaran jasa konsultansi" or "Kegiatan donasi" or "pengiriman uang keluarga" illustrate common uses.

See also: Know your customer, anti-money laundering, transaction monitoring, remittance, banking compliance.