The agency was formed in 2002 to prevent and eradicate suspected illicit financial flows as money laundering and provide information on terrorist financing.

[2] In 1997, Indonesia officially signed and ratified United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances of 1988.

And refer to this regulation, financial transaction reports and analysis is officially conducted by special investigation unit of Bank Indonesia.

The school was founded by Kiagus Ahmad Badaruddin (Head of PPATK) in 2017 and inaugurated by Wiranto on behalf of Joko Widodo on 30 November 2017.

[9] IFII also housing institution of Center for Money Laundering and Predicated Crime Studies (Pusat Kajian Pencucian Uang dan Tindak Pidana Asal), a research institution dedicated for researching policies and strategies formulation and means to combat money laundering and predicated crimes.