Legal Professions and Accountants Professions in The Turbulence of Money Laundering

Go, Lisanawati (2015) Legal Professions and Accountants Professions in The Turbulence of Money Laundering. International Journal of Applied Business and Economic Research, 13 (5). pp. 3212-3223. ISSN 0972-7302

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Abstract

The rapid changing world affected by sophisticated crime, such as money laundering, nowadays has been attracted law and regulation to involving not only law enforcement agents to prevent, but also other party such as professionals to take an important part and playing a role in prevention of money laundering. Money laundering has been manifest in many ways, without any doubts for sometimes involved 'mens rea' clement of other party that is inthe form of unknowingly of knowingly, willfully or not. This is an interdisciplinary study article with a qualitative method using conceptual approach research study. The result of the analysis study shows that the implementation of client due diligence as same as customer due diligence as the important tools to recognize who are their clients that will be in their 'professionals' relationship, the sources of the funds of the client, etc, verify the documents of the clients. Professional should have to assess their potential exploited positions by the clients, such as putting them as a gatekeeper in the name professionalism. Through risk based approach, professions should aware the potentiality of their positions in facilitating or supporting money laundering action of their clients

Item Type: Article
Uncontrolled Keywords: Legal Professions, Accountants Professions, Turbulence of Money Laundering
Subjects: K Law > K Law (General)
Divisions: Faculty of Law > Department of Law
Depositing User: Ester Sri W. 196039
Date Deposited: 28 Feb 2019 09:05
Last Modified: 05 Mar 2019 03:59
URI: http://repository.ubaya.ac.id/id/eprint/34407

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