Proceedings of The First International Conference on Financial Forensics and Fraud, ICFF, 13-14 August 2019, Bali, Indonesia

Research Article

Money Laundering in Indonesia Bankers: Compliance, Practice, and Impact

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  • @INPROCEEDINGS{10.4108/eai.13-8-2019.2294249,
        author={Atqkan Sjukri Karim and Nafsiah  Mohamed and M. Azmi Nias Ahmad and Hendi Yogi Prabowo},
        title={Money Laundering in Indonesia Bankers: Compliance, Practice, and Impact},
        proceedings={Proceedings of The First International Conference on Financial Forensics and Fraud, ICFF, 13-14 August 2019, Bali, Indonesia},
        publisher={EAI},
        proceedings_a={ICFF},
        year={2020},
        month={5},
        keywords={money laundering money laundering regulation anti-money laundering models},
        doi={10.4108/eai.13-8-2019.2294249}
    }
    
  • Atqkan Sjukri Karim
    Nafsiah Mohamed
    M. Azmi Nias Ahmad
    Hendi Yogi Prabowo
    Year: 2020
    Money Laundering in Indonesia Bankers: Compliance, Practice, and Impact
    ICFF
    EAI
    DOI: 10.4108/eai.13-8-2019.2294249
Atqkan Sjukri Karim1,*, Nafsiah Mohamed1, M. Azmi Nias Ahmad1, Hendi Yogi Prabowo2
  • 1: Universiti Teknologi Mara
  • 2: Islam Indonesia University
*Contact email: atqkan@yahoo.com

Abstract

Money laundering is the process by roomates large amount of illegally obtained money from drug trafficking, terrorist activity or other serious crimes, is given the appearance of having originated from a legitimate source. The purpose of this study is to examine the rules that related to money laundering, money laundering practices that existed in Indonesian banks and the impact of money laundering. We argue that the concept of money laundering have been adopted by regulation of Indonesian banks to detect money laundering. However, reviews the regulation has not been with the practice of money laundering occuring in Indonesian banks. We propose to addresed the determinants that influence of bank employees in Indonesia towards money laundering as the fundamentals for making anti-money laundering models.