Journal of Digital Business and Global Economy
Vol. 2 No. 5 (2026): Journal of Digital Business and Global Economy

Regulatory Loopholes, Moral Hazard, and Financial Integrity: Analyzing Article 50A of Indonesia’s Financial Sector Law in the Danantara Patriot Bond Financing

Arif Dilianto (Universitas Negeri Jakarta)
Eric Hermawan (Sekolah Tinggi Ilmu Administrasi Mandala Indonesia)



Article Info

Publish Date
01 Sep 2026

Abstract

Differences in legal protection in strategic financing innovations can affect market behavior and pose problems for financial integrity. This study examines Article 50A of Law Number 4 of 2026 regarding Danantara special debt instruments, especially Patriot Bonds, through a qualitative normative policy analysis with legislative, conceptual, comparative, and regulatory policy approaches. By examining legal provisions, institutional documents, constitutional trial processes, financial sector regulations, FATF assessments, and related literature, this study finds that the combination of transaction validity, different investor protections, and restrictions on the use of transaction information can affect transaction traceability, legal deterrence, and the effectiveness of financial intelligence and law enforcement. These findings do not indicate that Patriot Bonds are illegal or money laundering-related, but indicate potential vulnerabilities if legal protection is interpreted too broadly. This research proposes conditional, goal-based, and traceable investor protection as part of accountable strategic financing governance.

Copyrights © 2026






Journal Info

Abbrev

jodigbi

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Digital Business and Global Economy (JODIGBI) is an International Journal, published since 2025. Registered with code of E-ISSN 3090-8760. JODIGBI open-access, and peer-reviewed journal dedicated to publishing high-quality research in the fields of economics and business. This journal ...