International Journal of Law

ISSN: 2455-2194

Vol. 6, Issue 3 (2020)

Implementation of “follow the money” approach in money laundering legal instruments for effective asset recovery in corruption

Author(s): Ferry Pranata, Hartiwiningsih, Sulistiyanta
Abstract: This study aims to find alternatives to return assets of corruption with the application of money laundering legal instruments. To answer these problems, the research method used is the doctrinal research method. This type of research uses normative legal research that is legal research conducted based on laws and regulations and library materials or what is known as secondary material. Money laundering legal instruments can be applied foreffective asset recovery in corruption because there is a follow the money approach. The follow the money approach prioritizes looking for assets of criminal offenses compared to looking for perpetrators. Perpetrators must be hiding or disguising the assets of the corrupt act through the banking and non-banking systems. Assets allegedly originating from these criminal acts of corruption are known through an analysis of financial transactions by the Reporting Center for Financial Transaction Analysis. Reports on the results of the analysis and examination of the Reporting Center for Financial Transaction Analysison these suspicious financial transactions can be used as preliminary evidence to begin the investigation, prosecution, and trial hearings.
Pages: 92-97  |  237 Views  108 Downloads
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