Research Article
The Role of Banking in Preventing the Crime of Money Laundering
@INPROCEEDINGS{10.4108/eai.28-10-2023.2341775, author={Riswadi Riswadi and Muhammad Alhadi Haq}, title={The Role of Banking in Preventing the Crime of Money Laundering}, proceedings={Proceedings of the 3rd Multidisciplinary International Conference, MIC 2023, 28 October 2023, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={MIC}, year={2023}, month={12}, keywords={money laundering; crime; prevention; bank}, doi={10.4108/eai.28-10-2023.2341775} }- Riswadi Riswadi
Muhammad Alhadi Haq
Year: 2023
The Role of Banking in Preventing the Crime of Money Laundering
MIC
EAI
DOI: 10.4108/eai.28-10-2023.2341775
Abstract
The high gamble of banks being utilized for the purpose of tax evasion makes banking specialists expect banks to assume a functioning part in forestalling and killing illegal tax avoidance violations. Banks have been at the forefront of the money laundering battle, even before it was recognized by the government as a crime. Banks together with their employees are at the forefront of efforts to combat concrete steps to identify, minimize, and manage every risk originating from illicit money that threatens individual banks and the banking industry. In carrying out their supervisory duties, Banks in Indonesia have carried out Regulation No. 8 of 2010 concerning TPPU with Bank Indonesia Guideline No. 11/28/PBI/by applying the rule of knowing your client and the stages by Roundabout Letter No. 11/31/DPNP 2009 Standard Rules for Executing Hostile to Tax evasion and Illegal intimidation Supporting Avoidance Projects for Business Banks.