Quo Vadis legal profession participation in anti-money laundering

Lisanawati, Go and Benarkah, Njoto (2019) Quo Vadis legal profession participation in anti-money laundering. Journal of Money Laundering Control, 22 (4). pp. 764-769. ISSN 1368-5201

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Purpose – This paper aims to explore the obstacles that the ethical guidelines of legal professionals pose in the implementation of an effective anti-money laundering regime, established in the law on anti-money laundering in Indonesia. Some compliance schemes have been developed to integrate the participation of gatekeepers in anti-money laundering efforts, but the solution to mitigate the challenges must be implemented through the participation of the legal profession. Design/methodology/approach – The study uses a qualitative research methodology, including a triangulation of interviews with relevant experts, literature review and analysis of regulations. A deductive approach is employed to analyse the data. Findings – The legal profession’s ethical regulations and laws were considered to be the cause for the Indonesian Government’s inability to implement the anti-money laundering regime. The findings show two practical solutions that could be implemented: A government policy for the amendment of the anti-money laundering law and organizational policy to increase support for the anti-money laundering regime; and active participation of legal professionals in an effective anti-money laundering regime in Indonesia. Originality/value – This study provides insight into the participation of the legal profession in anti- money laundering efforts.

Item Type: Article
Uncontrolled Keywords: Anti-money laundering, Indonesia, Law, Participation, Legal profession, Legal professionals
Subjects: K Law > K Law (General)
Divisions: Faculty of Law > Department of Law
Depositing User: Ester Sri W. 196039
Date Deposited: 06 Dec 2019 08:41
Last Modified: 10 Feb 2022 06:59
URI: http://repository.ubaya.ac.id/id/eprint/36866

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