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VOL. 7, ISSUE 1 (2025)
Legal analysis of the prevention of money laundering
Authors
Pangeran Goklas Jeremiah Siagian, Hisar Siregar, Lesson Sihotang
Abstract
The crime of money laundering has a serious
impact on the national economy because it is closely related to the level of
trust in a country's policies, both domestically and internationally. The modus
operandi of money laundering often involves mixing illegal funds with
legitimate funds, creating an imbalance in business competition and harming
honest businesses. In addition, money laundering also affects the integrity of
the financial sector, increasing the liquidity risk for financial institutions
that indirectly use the proceeds of crime as their source of funds. As a
result, the government loses control over economic policy, which has the
potential to reduce the trust of other countries in the economic policy
implemented. In order to improve the effectiveness of supervision, the USU
Branch of Bank BNI has implemented the provisions of Law No. 8 of 2010
concerning the Prevention and Eradication of Money Laundering and Bank
Indonesia Regulation No. 11/28/PBI. These steps are implemented through the
Know Your Customer principle and various other procedures in accordance with
Circular Letter No. 11/31/DPNP of 2009 concerning Guidelines for the Standard
Implementation of Anti-Money Laundering and Prevention of Terrorism Funding
Programs in banking.
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Pages:99-106
How to cite this article:
Pangeran Goklas Jeremiah Siagian, Hisar Siregar, Lesson Sihotang "Legal analysis of the prevention of money laundering". International Journal of Law, Policy and Social Review, Vol 7, Issue 1, 2025, Pages 99-106
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