the DPA and instead on 14 August 1999 - when the scandal was unfolding - awarded him with the nation's highest honor, the Anugerah Bintang. Habibie's response to the scandal contributed to his failure to win re-election, when the People's Consultative Assembly on 19 October 1999 rejected his accountability speech by a vote of 355 to 322, despite strong lobbying for Habibie by Baramuli. The scandal is also credited with contributing to the end of Golkar Party's hold on power. A report issued in March 2000 by the US State Department noted the Bank Bali scandal "entailed a large money laundering operation aimed at hiding numerous beneficiaries." The report urged Indonesia to implement anti-money laundering legislation and prudential bank supervisory practices to prevent Indonesian banks from being victimized in scandals. Indonesia in 2002 formed a Financial Transaction Reports and Analysis Center, then in 2010 enacted an anti-money laundering law and in 2011 established the Financial Services Authority. See also List of "-gate" scandals References Bank fraud Corruption in Indonesia 1999 in Indonesia Economy of Indonesia 1999 in economics Financial scandals