Suhartati, Suhartati (2019) Strengthening the role of lawyers and other professional advisers in addressing economic and financial crimes in Indonesia. Journal of Financial Crime, 26 (4). pp. 1107-1116. ISSN 1359-0790
Preview |
PDF
A Suhartati Lukito_Strengthening Lawyer_JFC_Q2_2019.pdf Download (1MB) | Preview |
Abstract
Purpose – This paper aims to explain the regulations in Indonesia that apply to lawyers and other professional advisers in terms of their obligations as reporting parties of suspicious financial transactions withrespecttomoneylaunderingandother financialcrimes.Aslawyersandotherprofessionaladvisersoffer services to the business community in Indonesia, they are vulnerable to becoming parties to illegal business transactions.Theresultscouldleadtobribery,graft,taxcrimeandcorruptioninIndonesia. Design/methodology/approach – This paper explores and analyzes the obligations of lawyers and other professional advisers under Indonesian law, with particular reference to their obligations as reporting partiesineffortstopreventeconomiccrimewithinthecountry’sbusinesscommunity. Findings – Lawyersandotherprofessionaladvisers,asreportingparties,canbeviewedasthegatekeepers that inhibit economic and financial crimes. Consequently, a new perspective is needed for all of the legal professionssothattheycanprotectthemselvesfromtherisksofbeingtargetedbynefariousclients/offenders. Tostrengthentheroleoftheseadvisers,itisrecommendedthatbothacodeofethicsandknowyourcustomer principletobeimplemented. Practical implications – This paper can serve as a resource that explores the functions of lawyers and other professional advisers as reporting parties whose aim is to prevent financial and economic crime in Indonesia. Originality/value – This paper encourages lawyers, other professional advisers, and public and private institutions to implement a code of ethics, and also integrity and professionalism, with a view to preventing economic and financial crimes. According to the code, the functions and obligations of lawyers and other professional advisers include discouraging such offenses. The code becomes effective when legal professionalsadheretolegalethicsandintegrity.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Financial crime, Reporting parties, Code of ethics, Lawyer, Professional advisers |
| Subjects: | K Law > K Law (General) |
| Divisions: | Faculty of Law > Department of Law |
| Depositing User: | Suhartati, S.H., M.Hum. 203015 |
| Date Deposited: | 22 Mar 2020 12:52 |
| Last Modified: | 24 Mar 2021 16:23 |
| URI: | http://repository.ubaya.ac.id/id/eprint/37701 |
Actions (login required)
 |
View Item |
