The Development of Money Laundering Knowledge in Relation to the Electric Money

Amelia, Amelia and Fidelis Arastyo, Andono (2023) The Development of Money Laundering Knowledge in Relation to the Electric Money. In: 20th INSYMA (International Symposium on Management), 15-16 Maret 2023, Bangkok Thailand. (Submitted)

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According to the United Nations Office on Drugs and Crime (UNODC) forecast, the amount of money that has been laundered globally amounts to 2- 5% of the global GDP. The process of money laundering has changed over the time and the use of electronic money has increased over the years (Madinger, 2012). Previous research has shown that the arrival of electronic money attracts many people to find other methods of money laundering using electronic payment (Quan & Long, 2018). The Financial Task Force has shown how vulnerable commercial websites and internet payment systems are, but since electronic money is still in its infancy the development needs be a limitation to prevent money laundering. Therefore, this paper will show how electronic money is used in money laundering in Indonesia. The method that will be used is systematic review, the journal that will be reviewed is from 2015 to 2022. The result shows that electronic money do have a roles in money laundering especially in placement stage, and Indonesia seems to still have not find the right code to stop money laundering in digital era.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: electric money, money laundering, anti-money laundering
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Business and Economic > Department of Accounting
Depositing User: Fidelis Arastyo Andono 31133
Date Deposited: 10 Feb 2023 08:15
Last Modified: 10 Feb 2023 08:15

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