Legal frontiers in the war against money laundering: A doctrinal examination of global approaches

Rizaldy Anggriawan; Muh Endriyo Susila

doi:10.26555/jhn.v15i2.27853

Authors

Rizaldy Anggriawan University of Szeged http://orcid.org/0000-0002-7195-769X
Muh Endriyo Susila Universitas Muhammadiyah Yogyakarta http://orcid.org/0000-0002-1226-3321

DOI:

https://doi.org/10.26555/jhn.v15i2.27853

Keywords:

Cryptocurrency, International Organization, Money Laundry, Terrorism, Transnational Organized Crime

Abstract

Introduction to the Problem: Black money has a detrimental impact on a nation's macroeconomic and microeconomic, financial system, and international markets. The first idea to surface in the international literature when looking at the historical evolution of black money is money laundering. Criminal organizations employ various tactics to launder illicit funds, aiming to prevent the confiscation of the proceeds of their criminal activities.

Purpose/Objective of Study: This research delves into international perspectives on countering money laundering, a growing concern that poses threats to the security and stability of nations worldwide, and causes economic uncertainty. The study also investigates the progress and regulations surrounding this matter, along with the efforts of international organizations.

Design/Methodology/Approach: The research used doctrinal legal research with employing statutory and conceptual approaches.

Findings: This legal research underscores the importance of countries revisiting their domestic legal frameworks in light of the current scenario. The research stresses the importance of global cooperation between countries in effectively addressing money laundering. It urges nations to establish bilateral agreements to enable a seamless flow of information for this purpose.

Paper Type: Research Article

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