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Journal : Journal Of World Science

Strengthening Know Your Customer (KYC) and Anti-Money Laundering (AML) Policies in the Fintech Industry to Prevent Money Laundering Crimes Rusman, Rusman; Budianto, Azis
Journal of World Science Vol. 4 No. 7 (2025): Journal of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v4i7.1446

Abstract

Financial Technology (Fintech) has experienced rapid development and brought innovation to the digital financial system. However, behind the convenience and efficiency offered, fintech also faces serious challenges related to Money Laundering (TPPU). This crime exploits loopholes in regulations and the ease of digital transactions to disguise illegal fund flows. Therefore, it is necessary to strengthen the prevention and law enforcement system against TPPU in the fintech ecosystem. The study aims to analyze the role of fintech in preventing TPPU and review the effectiveness of regulations that have been implemented by the government and financial institutions in Indonesia. The research method used is normative legal research with a statutory approach. The data used consists of primary data, in the form of laws and regulations related to fintech and TPPU, as well as secondary data obtained from scientific journals, books, and official reports of financial institutions such as the Financial Services Authority (OJK), Bank Indonesia (BI), and the Financial Transaction Reports and Analysis Center (PPATK). The analysis was conducted qualitatively to examine the effectiveness of the policies that have been implemented and to identify challenges in implementing TPPU prevention in the fintech sector. The results of this study are expected to contribute to the development of more effective policy strategies in dealing with money laundering in the fintech industry, as well as provide recommendations for regulators and industry players in improving compliance with the Know Your Customer (KYC) and Anti-Money Laundering (AML) principles.
Co-Authors A.L.P, Oktavianus Abdul Gani Adeoye, Moses Adeleke Adli Putra Ermanda Adlim, Muhammad Agung Purnomoadi Agus Hadi Prayitno Ahmad Ahmad Ahmad Fudholi Al Cassany, Saluddin Alima, Naida Aisyah AMALIA, DIAN NUR Amrizal Amrizal Andi Sukma Indah Andrian, Yusuf Angelo, Michael Anis Rifai Ansar, Azhar Ariansyah Apriyanto, Ade ARSITA, TIARA AJENG Asep Herry Hernawan Asrori Asrori Budianto, Azis Burhanuddin, Fachrurrazi Cahyowati, Meireni Charlie Charlie, Charlie Criestina, Lilis Deka Uli Fahrodi Deni Darmawan Deriyani, Deriyani Dinn Wahyudin, Dinn Dwi Wulandari E. Tugiyanti Eka Prasetya, Erlangga Eliana Eliana Elly Tugiyanti Fakrulloh, Zudan Arief Ferdi Nazirun Sijabat, Ferdi Nazirun Ferdianto, Vidy Binsar Fiqri, Teguh Mohammad Hapsa Hapsa, Hapsa Hasan Hasan Haslin, Muh Ilham Nur Hendro Hendro, Hendro Heny Djoehaeni Hesti Dwi Astuti Hidayat , Yusuf I Gede Suparta Budisatria Inda Rahmayani, Ratu Fazlia Indriyani Rachman Irma Susanti S Isman, Muhammad Ismoyowati Joni Murti Mulyo Aji Junaidi, M. Karollah, Banta Kayihura, Joseph KAYIHURA, JOSEPH F KHALISANOVA, SABRINA ZULFA Kusnendar, Jajang Kustantinah Kustantinah Latifah Hanum Lestari, Risti Dwi LM Yusiati, LM Margaretha Tjhia, Kimico Maria, Indri Masita, Diah Rachmawati Mia Amalia Mohamad Arief, Mohamad Muhammad Habibi Muhammad Sumsanto Nafly C. Tiven Nainggolan, Lyndon Parulian nanang nanang NAZILATUR ROHMAH NC Tiven, NC Nikmah, Daimmatul Ningtiyas, Wenny Dwi Nita Adillah Pratiwi Nunik Cokrowati Nurul fadillah, Nurul Ocih Setiasih Pebriata, M. Nurdian Pratiwi, Sri Nurbaidah Pratiwi, Theodesia Lady Purnama, Jenny Putra, Agiel Laksamana Rahmadani, Thoy Batun Citra Rahmat Hidayat Retno Adiwiniarti, Retno Rianda, Rianda Ricky Wibowo Ridha, Ainul Rifai, Moch. Rudi Kurnianto Ruth Dameria Haloho S, Nurhamzah C Sakti, Awistaros Angger Salaeh, Subhan Santun Irawan, Santun Sari, Maini Sari Satriyo Satriyo Setiawardani, Wawan Shavira, Amalina Shogbesan, Yusuf Olayinka Siswanto, Shofiyah Salsabila Sitaresmi, Pradita Iustitia Sobari, Mochamad Sri Hartatik Sri Susanti Sri Winarni Stevian G. A. Rakka Suhartono, Gracia Vania Sukarwoto Sukirman, Dadang sukriadi sukriadi Sultoni, Muhammad Nawaf Superlin, Fran Suryanto, Edi SYAHRIAL SYAHRIAL Syamsiar, Syamsiar T A Siswoyo T Lindrianti T. Yuwanta Tamrin, Radinal Tharam, Medi Yuwono Tri Yuwanta Triyananto, Endy Triyannanto, Endy Tualeka, M. Wahid Nur U Santoso Utami, Wiyat Zahroh Sepia Vic S., Binsar Jon Widjaja, Mariana Widya Puji Astuti, Widya Puji Yahya, Alhuda Yanuarti, Rica Yatin, Nur Yayan Hendayana Yudi Pranoto Yuniarto, Wendhi Yuny Erwanto Yuwono Tharam , Medi Zarman, Nasri Zuprizal (Zuprizal)