AML/CFT Journal The Journal of Anti Money Laundering and Countering the Financing of Terrorism
AML/CFT Journal: The Journal of Anti Money Laundering and Countering the Financing Terrorism published by the Indonesia Financial Transaction Report and Analysis Center (INTRAC) or in Bahasa "Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK)", contains publication on the research and studies on issues related to Anti Money Laundering and Countering the Financing of Terrorism. The scope of articles for AML/CFT Journal shall focus on Anti-Money Laundering and Prevention of the Financing of Terrorism in which coverage includes but is not restricted to: 1. Money Laundering from Predicate Crimes; 2. Green financial crime; 3. Organized crime and Financing of Terrorism; 4. Money laundering using financial technology; 5. Development in financial crime investigations; 6. Trends in mode and typology of financial crimes; 7. Tracing and recovering assets; 8. Supervision of compliance with anti-money laundering and countering the financing terrorism programs; 9. Proliferation of mass destruction; 10. Crimes in Banking system.
Articles
75 Documents
<![CDATA[Potensi dan Risiko Terjadinya Tindak Pidana Pencucian Uang di Perdagangan Karbon ]]>
<![CDATA[Adiwarman, Adiwarman]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 2 No 2 (2024): Produk Intelijen Keuangan Menjawab Tantangan Pengungkapan Pidana Pencucian Uang ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v2i2.136
<![CDATA[Climate change is a global issue with visible impacts such as rising sea levels, heat waves in temperate countries, mutations of certain viruses, and melting ice in the Arctic. The primary solution to this problem is reducing greenhouse gas emissions through domestic efforts on various projects and additional mechanisms such as carbon trading. However, as an innovation in the financial services sector, carbon trading poses risks and potential for money laundering (ML) use. This study aims to provide an overview of current carbon trading practices and discuss the potential for using carbon trading for ML in Indonesia. It also aims to address relevant legal principles and issues. The study employs descriptive-analytical and normative methods to identify ML potential and uncover substantive issues within existing legal provisions. The results reveal that the mechanisms of using carbon credits and rights are vulnerable to ML use in and outside the Carbon Exchange (primary market). Moreover, the underdeveloped state of trading systems, institutions, legal provisions, transparency, and supervision exacerbates this. Prevention measures include implementing Know Your Customer principles and reporting suspicious financial transactions. Law enforcement refers to the provisions of Articles 3, 4, 5, and 6 of the Money Laundering Law.]]>
<![CDATA[Urgensi Menjadikan Hasil Analisis (HA)/Hasil Pemeriksaan (HP) PPATK Sebagai Alat Bukti dalam Perkara TPPU dan TPPT di Indonesia ]]>
<![CDATA[Sugianto, Fajar]]>;
<![CDATA[Irawan, Joshua Evandeo]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 2 No 2 (2024): Produk Intelijen Keuangan Menjawab Tantangan Pengungkapan Pidana Pencucian Uang ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v2i2.153
<![CDATA[The Indonesian Financial Transaction Reports and Analysis Centre (Indonesian: Pusat Pelaporan dan Analisis Transaksi Keuangan, or PPATK) has made several efforts to prevent and combat money laundering and terrorism financing. The main outputs of PPATK are financial intelligence reports known as Analysis Results and Examination Results. To date, these financial intelligence reports cannot be categorized as evidence that can be used by law enforcement officers in investigations or prosecutions. This study uses the Normative Juridical Dogmatic research method, aiming to provide legal arguments regarding the importance of the status of PPATK's financial intelligence reports in investigations/prosecutions as evidence. The novelty of this research lies in how the author attempts to prove that financial intelligence reports can be used as evidence in criminal cases, whereas previous studies have only stated that financial intelligence reports cannot be used as evidence in criminal cases. The findings of this study indicate that PPATK's financial intelligence reports should be admissible as evidence in handling criminal cases, but this is currently hindered by the existing laws on money laundering and terrorism financing. These regulations need to be revised promptly to strengthen the role of PPATK, particularly in the status of financial intelligence reports in supporting criminal cases.]]>
<![CDATA[Optimalisasi Open Banking pada Layanan Keuangan Digital dalam Penegakan Rezim Anti Pencucian Uang ]]>
<![CDATA[Rusli, Ganda Raharja]]>;
<![CDATA[Fermay, Anestia Hayubriandini]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 2 No 2 (2024): Produk Intelijen Keuangan Menjawab Tantangan Pengungkapan Pidana Pencucian Uang ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v2i2.158
<![CDATA[Technology has revolutionized finance, but seamless services increase fraud risks. As digital finance grows, anti-money laundering (AML) systems struggle with high transaction volumes. The main objective of this study is to verify whether open banking catalyzes the efficiency of transaction monitoring in AML. Another objective is to analyze the current agenda of regulators in Indonesia, which is related to the Indonesia Payment Systems Blueprint 2025 and customer data security. The Delphi technique pinpointed contemporary AML compliance technologies, encompassing money laundering, Regulatory Technology, and regulatory bodies. The article delves into a comparative analysis between Regulatory Technology and financial crime, which emphasizes several actions to eradicate money laundering, such as strengthening the AML system, customer screening, and allowing cross-data sharing between institutions. In addition, this paper explores RegTech's limitations and forthcoming hurdles regarding AML compliance. The finding shows that open banking catalyzes the efficiency of transaction monitoring in AML and supports the regulator's agenda to combat money laundering with some requirements.]]>
<![CDATA[Penggunaan Hasil Tindak Pidana untuk Sumbangan Dana Pemilu ]]>
<![CDATA[Arifin, Ibrahim]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 2 No 2 (2024): Produk Intelijen Keuangan Menjawab Tantangan Pengungkapan Pidana Pencucian Uang ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v2i2.169
<![CDATA[The utilization of proceeds from criminal activities for political campaign purposes in the context of General Elections, as donations from external sources, is feasible under money laundering practices. Relevant criminal provisions addressing this issue include Article 339, paragraph (1) of letter c of the Election Law, Article 5, paragraph (1) of the Money Laundering Law, and Article 137 of the Narcotics Law. Given that these provisions are lex specialis, it is essential to elucidate the parameters that will guide law enforcement officials in addressing the use of criminal proceeds for political campaigns and other electoral contests. This research employs normative juridical legal methods, focusing on an inventory of positive law. The findings indicate that the lex specialis derogat legi generali principle applies in implementing Article 339 paragraph (1) letter c of the Election Law, particularly concerning campaign participants receiving campaign fund donations from criminal activities. Article 5, paragraph (1) of the Money Laundering Law pertains to individuals who receive money or assets from criminal activities without the election participants' status. Election participants who accept the proceeds of crime for campaign funds may be suspected of being active perpetrators of money laundering or as parties who commit or facilitate money laundering.]]>
<![CDATA[Pemodelan Potensi Perbandingan Pencucian Uang: Tata Kelola Publik dan Dinamika Budaya sebagai Faktor Kritis ]]>
<![CDATA[Alfarizi, Muhammad]]>;
<![CDATA[Zalika, Zela]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 3 No 1 (2024): Menjembatani Perspektif Lokal dan Global dalam Upaya Pemberantasan Kejahatan Keua ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v3i1.192
<![CDATA[Corruption and money laundering are global issues with significant economic impacts, particularly in Asia and Europe. This comparative study explores the relationship between national culture, public governance, and money laundering potential, focusing on cultural differences between the East and West. Utilizing a quantitative approach, the study analyzes secondary data from the 2023 Basel Anti-Money Laundering (AML) Index, covering 49 Asian and 47 European countries. Structural Equation Modelling-Partial Least Square (SEM-PLS) is employed for analysis. The findings reveal that cultural dynamics significantly and positively influence public governance. However, public governance and cultural dynamics do not directly affect the potential for money laundering. Mediation tests indicate that public governance mediates the relationship between cultural dynamics and money laundering potential. A Multigroup Analysis (MGA) test highlights significant regional differences, particularly in the influence of public governance on money laundering potential. The study underscores the need for multifaceted strategies to combat money laundering globally, emphasizing international collaboration, public education, governance enhancement, and technological advancement. Recommendations for the Financial Action Task Force (FATF) include strengthening cross-country cooperation and improving public governance frameworks to mitigate global money laundering risks effectively.]]>
<![CDATA[Potensi Cryptocurrency dalam Pendanaan Proliferasi Senjata Pemusnah Massal ]]>
<![CDATA[Kurnia, Kana]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 3 No 1 (2024): Menjembatani Perspektif Lokal dan Global dalam Upaya Pemberantasan Kejahatan Keua ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v3i1.208
<![CDATA[Cryptocurrencies have grown rapidly and are used in various cross-border transactions. The negative impact of cryptocurrencies includes the misuse of crimes, especially in funding the weapons of mass destruction (WMD) proliferation. This article examines how cryptocurrency can be utilized in WMD proliferation funding and the challenges faced in overcoming this problem. The method used is a normative research method with a conceptual approach. The research found that cryptocurrency characteristics such as high anonymity and cross-border transactions make it easier for WMD proliferation funding perpetrators to hide funding traces. The lack of transparency in the blockchain adds to the difficulty in tracking WMD proliferation funds. The suggestion from this research is that there is a need for stronger international cooperation and a financial system that can detect and prevent the spread of nuclear material.]]>
<![CDATA[Inisiatif Lingkungan Berbasis Keagamaan dalam Memerangi Green Financial Crime: Konsep Kesakralan dan Pengelolaan ]]>
<![CDATA[Thoriquttyas, Titis]]>;
<![CDATA[Rohmawati, Nita]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 3 No 1 (2024): Menjembatani Perspektif Lokal dan Global dalam Upaya Pemberantasan Kejahatan Keua ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v3i1.217
<![CDATA[Green financial crime seriously threatens the sustainability of the environment and the integrity of the global economy. This study aims to investigate the role of environmental initiatives to religious foundations with a religious foundation in countering green financial crime by reviewing relevant literature, examining religious teachings on environmental stewardship, and evaluating the influence of religious advocacy on public policy and community behavior. In the practical sense in the Indonesian context, Muhammadiyah's humanitarian arm has been involved in disaster relief, focusing on environmental sustainability in recovery efforts. This includes advocating for better waste management and building resilient, eco-friendly infrastructure in disaster-prone areas. These initiatives highlight how organizations use their religious influence, aligning faith-based teachings with practical efforts. Thematic analysis is used in this study to find and examine themes and patterns in the data gathered. The results of this study show that faith-based activities play a significant role in the local and global fight against green financial crime. It is essential for religious organizations to prioritize environmental awareness because of the pressing nature of environmental crises and the significant moral, ethical, and practical effect that religion has. The integration of religious ideas and the utilization of religion-based organizations' strengths can significantly augment efforts aimed at combating green financial crime, thereby resulting in more equitable and sustainable outcomes for both society and the environment.]]>
<![CDATA[Kepatuhan terhadap Rezim Anti Pencucian Uang Internasional melalui Rekomendasi FATF: Perbandingan Dua Negara ]]>
<![CDATA[Zakiah, Alif Ilma]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 3 No 1 (2024): Menjembatani Perspektif Lokal dan Global dalam Upaya Pemberantasan Kejahatan Keua ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2024.v3i1.220
<![CDATA[Indonesia became a dual member of the Asia/Pacific Group (APG) and Financial Action Task Force (FATF) in October 2023, having previously been grey listed twice in the past 20 years. Meanwhile, Vietnam was added to the Jurisdiction Under Increased Monitoring list in June 2023, despite being an APG member since 2007. This study compares the AML/CFT/CPF risks, threats, and compliance between these two Southeast Asian developing economies using six indicators: Human Development Index (HDI), Corruption Perception Index (CPI), Gross Domestic Products (GDP), Anti Money Laundering (AML) regulations, National Risk Assessment (NRA), and Mutual Evaluation Report (MER). Findings show Vietnam’s HDI ranking surpasses Indonesia’s, but Vietnam lags in GDP and AML regulations. Both countries share similar AML risks, threats, and CPI scores. However, Indonesia’s approach prioritizes national interests over international ones, contributing to its FATF compliance success. This comparative analysis offers valuable insights for Vietnam and other grey-listed Association of Southeast Asian Nations (ASEAN) countries seeking to enhance compliance with FATF Recommendations.]]>
<![CDATA[Tren Keamanan Siber dan Evolusi Fraud Pada Sektor Perbankan di Era Digital ]]>
<![CDATA[Jum'an]]>;
<![CDATA[Asyura, Muhammad]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 4 No 1 (2025): Pencucian Uang dan Pendanaan Terorisme: Risiko, Teknologi, dan Regulasi ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2025.v4i1.225
<![CDATA[The digital transformation of the banking sector has significantly optimized financial service efficiency. However, it has concurrently expanded the risks of cybercrime and fraud. Financial crimes in banking are no longer restricted to internal malfeasance, they increasingly involve external adversaries exploiting both technological vulnerabilities and human behavioral lapses. This study interrogated contemporary cybersecurity trends and the evolution of fraud modalities within the digital banking landscape. Adopting a qualitative Systematic Literature Review (SLR), this research synthesizes relevant scientific literature through the dual lenses of the CIA Triad framework and fraud theories. The findings identify a multifaceted threat landscape, ranging from ransomware and remote-work vulnerabilities to cloud-based incursions, supply chain attacks. It also targeted social engineering, such as phishing and whaling. Notably, the study highlights that social engineering remains the dominant fraud modality, exploiting the ‘human element’ as the critical vulnerability in security architectures. These results highlight that cybersecurity and fraud are inextricably linked. They require an integrated mitigation strategy that harmonizes technological safeguards, robust business processes, and human capital development to fortify digital banking resilience.]]>
<![CDATA[Penerapan Prinsip Mengenali Pengguna Jasa oleh Notaris dalam Pencegahan Tindak Pidana Pencucian Uang ]]>
<![CDATA[Pratami, Bunga Desyana]]>
<![CDATA[ AML/CFT Journal : The Journal Of Anti Money Laundering And Countering The Financing Of Terrorism Vol 4 No 1 (2025): Pencucian Uang dan Pendanaan Terorisme: Risiko, Teknologi, dan Regulasi ]]>
Publisher : <![CDATA[Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) ]]>
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DOI: 10.59593/amlcft.2025.v4i1.234
<![CDATA[Notaries often handle high-value transactions that may be exploited for illicit purposes. Accordingly, notarial application of the Know Your Customer (KYC) principle is a key element of Indonesia’s anti–money laundering and counter–terrorist financing (AML/CTF) framework. This study examines how notaries implement KYC and identifies factors affecting compliance with the submission of suspicious transaction reports (STRs) via the GoAML platform. A socio-legal design with qualitative methods was employed, combining primary evidence from surveys and in-depth interviews with notaries in an anonymized jurisdiction and secondary materials from relevant laws and scholarly literature. The results show uneven levels of knowledge, comprehension, attitudes, and legal conduct among notaries in applying KYC obligations. Although the regulatory basis is in place, implementation remains constrained by limited technical capacity, administrative workload, and the persistently low volume of STR reporting. These findings point to a continuing disconnect between formal requirements and field-level practice. The study highlights the importance of sustained capacity-building, more effective oversight, and stronger coordination among government agencies, professional associations, and legal education institutions to enhance KYC implementation and strengthen the AML/CTF regime.]]>
