The Position of Banking Institutions in Preventing and Eradicating the Occurrence of Criminal Acts of Money Laundering in Banks

DOI

10.2991/978-2-494069-93-0_104How to use a DOI?

Keywords

Law enforcement; Criminal acts; Money laundering; Banking; PPATK

Abstract

Over the last few years, an event that has attracted the attention of various groups of people is the trend of criminal acts of money laundering. The group of people at which the event has happened is not only the government but also the general public. Judging from the scale of the event, they have occurred both on a local, national, and international scale. Such an action has been committed individually and in groups, including corporations. Of course, such a crime belongs to individual, nation and state crime. The legal restrictions on money laundering in Indonesian financial institutions and the role of such institutions in combating the relevant crime are two topics that are clarified by the current study. The current study makes use of a conceptual method, a statute approach, and a normative legal research design to accomplish these objectives. Primary, secondary, and tertiary legal materials are the three categories of legal materials that are used as data sources. According to the study, illegal money transactions are influenced by laws, particularly those outlined in Law No. 8 of 2010 Concerning the Prevention and Eradication of Criminal Acts of Money Laundering and Bank Indonesia Regulation No. 14/27/PBI/2012 Concerning the Implementation of Anti-Money Laundering and Prevention of Terrorism Financing Programs for Commercial Banks. The position of banks is in the responsibility to implement the principle of "prudent banking" and the principle of "know your customer" in customer identification in an effort to eradicate criminal actions of money laundering.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - I Made Aditya Mantara Putra
PY  - 2023
DA  - 2023/01/25
TI  - The Position of Banking Institutions in Preventing and Eradicating the Occurrence of Criminal Acts of Money Laundering in Banks
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 898
EP  - 906
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_104
DO  - 10.2991/978-2-494069-93-0_104
ID  - Putra2023
ER  -