Assessing Money Laundering In The Digital Era: The High Potential Of Cyber Laundering On The Revolution Of Financial Technology

Abstract

Along with the rising popularity of e-commerce, money laundering activities carried out using internet networks (cyber laundering) are becoming increasingly open. Therefore, this study aims to conduct legal analysis in order to answer the legal problems of how the development of Fin-Tech in Indonesia opens up opportunities for Money Laundering? While the specific purpose of this study is to analyze the development of money laundering crimes that move in line with the financial revolution. Furthermore, this study uses normative legal research to analyze and build a legal argument in order to answer the formulated problems. The result of this research shows that the modus operandi of money laundering from time to time is constantly changing and more complex using technology and financial system that is quite complicated and sophisticated. Even though the OJK Regulation No. 12 / POJK.01 / 2017 contains the principle of AML and CFT. However Peer to Peer Lending is not currently required to abide by this regulation. Unfortunately, this means that money laundering still presents a significant risk. Keywords: Money Laundering, Cyber Laundering, Cybercrime, Criminal, Fin-Tech