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Cryptographic Technology and Anti-Money Laundering Policies Against the Sale of Drugs Using Bitcoin Transactions Hermansyah, Firman; Fajar, Ahmad; Margayasa, I Ketut; Syahril, Syahril; Rosidawati, Imas
Greenation International Journal of Law and Social Sciences Vol. 2 No. 4 (2024): (GIJLSS) Greenation International Journal of Law and Social Sciences (December
Publisher : Greenation Research & Yayasan Global Resarch National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijlss.v2i4.321

Abstract

This research aims to analyze the influence of cryptographic technology and the effectiveness of Anti-Money Laundering (AML) policies on countering Bitcoin transaction-based drug trafficking in Indonesia. Using a normative legal research method with a desk study approach, this study evaluates the contribution of cryptography to transaction security, challenges in monitoring, and weaknesses in AML policies in Indonesia. The results show that cryptographic technology enhances the security and efficiency of transactions through blockchain, but its anonymity is utilized in illegal activities. In addition, AML policies in Indonesia still face implementation challenges, such as low compliance with Know Your Customer (KYC) principles and minimal supervision of cryptocurrencies. This research recommends strengthening regulations and international cooperation as strategic steps in tackling digital crime.
Co-Authors Abian Zhafran D. M Adelia, Wa Ode Riska Agus Suyoto Alim, Endy Sjaiful Amin, Faris Muslihul Anang Misbakhul Khoir Andi Hasrun Andini Sulfitrana Apendi Arsyad Ashar, Jabal Rahmat Avorizano, Arry Awan Hyasmara Ayu Mandiran Yarkuran Azzahrah, Mauliah Baharaja Sitorus, Alprian Darmawan Darmawan Dewi S, Rachmita Eko Nurcahya Dewi Fadiarni Fadli Rabsani Raihan Yusuf Fahrurrozi Fahrurrozi Faisal Hamzah Farhanah, A. Farihatunnisa, Ikah Febriyanti, Novita Fitringga, Muhammad Amar Fried Sinlae F``auziyah, S``yifa Nur Hairul, Muhammad Hamzah, Pratiwi Hermansyah, Firman Hery Widijanto Hilda, Atiqah M. Hoerunisa , Nida Ikhsan, Muhammad Miftahul Jamaludin, Muhammad Jamjam Julianti Julianti, Julianti Kokom, Kokom Kusnandar, Enan L, Salsabila La Ode Arsad Sani La Ode Nafiu Lailazhizah, Cahyainda Lina Lina Luthfi, Taufik M. Al Fatih M. Syahrul Maarif, Ahmad Fathul Maisarah Azzahra, Nissa Margayasa, I Ketut Mimin, Siti Nur Mohamad, Siti Nor Amira Munir, Dede Rizal Munir Musram Abadi Nasrullah Nasrullah Ningsih, Hanu Nuantia Nurul Huda Nurzannah, Assyifa Raihan, Ulfah Ramlan Samu’a M Rasni Ratna Ibrahim Restu Libriani Rizal Munir, Dede Rizka Cintya Edwar Rizqi, Zahrah Sausan Qizaz Rosidawati Wiradirja, Imas Safitri Tomia, Nur Saleh, Abdurrahman Samritin Setiaji, Ruly Setiawan , Andri Herman Setiawan, Fahrizal Siti Aisyah Siti Nur Azizah, Siti Nur Sobari, Andri Sobirin, Hasnaa Luthfiyyah Sunandar, Firman Nurdiansyah Susetyowati Sofia Syahril Syahril TAKDIR SAILI Taufik Luthfi Umam, M. Khotibul Yulianto Yusiarti, Arti Yuwan Fijar Anugrah