Proceedings of the 3rd Multidisciplinary International Conference, MIC 2023, 28 October 2023, Jakarta, Indonesia

Research Article

Authority of Financial Service Providers to Prevent Money Laundering Crimes Based on Unfair Financial Transaction Values

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  • @INPROCEEDINGS{10.4108/eai.28-10-2023.2341777,
        author={Megawati  Barthos and Berry Ballen Saputra},
        title={Authority of Financial Service Providers to Prevent Money Laundering Crimes Based on Unfair Financial Transaction Values},
        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={authority; financial service providers; financial transactions; money laundering crime},
        doi={10.4108/eai.28-10-2023.2341777}
    }
    
  • Megawati Barthos
    Berry Ballen Saputra
    Year: 2023
    Authority of Financial Service Providers to Prevent Money Laundering Crimes Based on Unfair Financial Transaction Values
    MIC
    EAI
    DOI: 10.4108/eai.28-10-2023.2341777
Megawati Barthos1, Berry Ballen Saputra1,*
  • 1: Universitas Borobudur
*Contact email: berrybsaputra.eksus.bareskrim@gmail.com

Abstract

The wrongdoing of tax evasion is a cycle or act that means to stow away or mask the beginning of cash and resources got from criminal demonstrations which are then changed over into resources that seem to start from genuine exercises. The wrongdoing of tax evasion not just undermines monetary dependability and the honesty of the monetary framework yet can risk the underpinnings of social, public, and state life in light of Pancasila and the 1945 Constitution of the Republic of Indonesia. This examination expects to depict the guideline of power. monetary specialist co-ops in forestalling criminal demonstrations of illegal tax avoidance in view of claims of out of line monetary exchange values. The creator utilizes a regulating juridical methodology, using primary and secondary data. Data analysis uses qualitative analysis. The research results show that the authority of financial service providers is regulated in Articles 23, 24, 25, and 26 of Law Number 8 of 2010 concerning the Crime of Money Laundering. Apart from that, to anticipate the occurrence of money laundering criminal attempts in Indonesia, namely by postponing transactions with assets suspected to originate from criminal acts. Blocking of acquisitions known to originate from criminal acts, and Temporary suspension of transactions related to money laundering crimes.