Indonesia passes bill to fund anti-terrorism

Indonesia's parliament passed a bill on Tuesday to put a stop to terrorism in the country by freezing suspicious financial transactions abroad and domestically.

The bill was approved in a plenary session of Indonesia's 550-seat house. Deputy Speaker Priyo Budi Santoso said that the bill emphasized Indonesia's position in the world's fight against terrorism, the St. Louis Post-Dispatch reports.

The legislation requires banks and other operators of financial services to report any suspicious transactions to the government agency that handles the investigation of money laundering. The Financial Transaction Reports and Analysis Center then has the ability to freeze and confiscate assets and bank accounts.

The bill will go into effect after it's signed by the country's president.

Indonesia's ongoing fight against terrorists began in 2002 when bombings on the resort island of Bali killed 202 people, the St. Louis Post-Dispatch reports.

The attacks on October 12, 2002, were allegedly funded by al-Qaida and carried out by members of Jemaah Islamiyah, a Southeast Asian militant group, Fox News reports.

The incident occurred when one attacker walked into Paddy's nightclub in Bali on a busy Saturday night and off a bomb connected to his vest. A few minutes later, a larger car bomb exploded outside the nearby Sari Club, killing many revelers fleeing the first blast.

The victims included eight Americans, 28 Britons and 88 Australians. More than 30 people were convicted in the attack, Fox News reports.