International Journal of Law


ISSN: 2455-2194

Vol. 6, Issue 6 (2020)

The Effectiveness of the notary roles as gatekeeper in submitting suspicious financial transactions to PPATK after the enactment of pp number 43 of 2015

Author(s): Prasetya Tunjung Novianto, Hari Purwadi, Mulyoto
Abstract: This article aimed to identify and analyze the statutory regulations regarding the effectiveness of the notary roles as gatekeeper in submitting suspicious transactions to the Financial Transaction Reports and Analysis Center (PPATK) after the enactment of Government Regulation Number 43 of 2015. The subsequent studies aimed to determine and analyze the obstacles in the implementation of notaries’ position related to the submission of suspicious transactions to the Financial Transaction Reports and Analysis Center (PPATK) after the enactment of Government Regulation Number 43 of 2015 concerning Reporting Parties in the Prevention and Eradication of Money Laundering. The study employed descriptive socio-legal studies. Data collection techniques used literature study and field studies through sample interviews. The results showed that notaries as gatekeepers were often used to commit money laundering. Through Government Regulation Number 43 of 2015 concerning Reporting Parties in the Prevention and Eradication of Money Laundering from a practical point of view, it has not been appropriately implemented by notaries. There was no strict sanction from the Financial Transaction Reports and Analysis Center (PPATK), which made notaries reluctant to report suspicious financial transactions. The notaries registered for GRIPS were still very few with the total number of notaries in Indonesia. GRIPS, as a tool for reporting, was not well understood and was rarely used. Up to now, PPATK has not received any reports regarding suspicious financial transactions. The conclusion of this study showed that the notaries’ of as gatekeepers in submitting suspicious financial transactions to PPATK have not been effective in preventing the Money Laundering because, in practice, there were still many obstacles that caused notaries not to report to PPATK.
Pages: 60-65  |  67 Views  35 Downloads
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