Law Enforcement against The Abuse of Money Laundering Crime Companies

Abstract

The purpose of this study is to find out the forms of money laundering using shell company media and to understand the forms of legal settlement in terms of Indonesian legal regulations and other relevant legal sources as comparisons and references, it is hoped that this will open wider insights for writers and readers. This research technique uses a normative juridical approach. The type of data used in this study is secondary data which consists of primary legal materials, secondary legal materials, and tertiary legal materials that are relevant to this thesis. Money laundering is a concern for all countries in the world, including Indonesia, because its impact greatly affects the economy and stability of a country. The perpetrators of money laundering have their own specific ways and develop over time regarding how and where they hide the proceeds of their crimes. Shell companies have characteristics to support money laundering activities because they tend to be anonymous. Its characteristics also make it difficult for a country's authorities to be able to identify whether the transaction contains aberrant elements, because the position of a shell company is outside the jurisdiction of its owner. Developments regarding the investigation of fraudulent funds regarding shell companies prove that they can take advantage of this medium to commit money laundering crimes with various cases and methods. Indonesia is one of the countries that are hunting for the assets of its citizens who own shell companies by making various efforts such as tax amnesty, repatriation, and cooperation in various fields in an effort to exchange information with other countries.
Keywords: Companies; Crime; Laundering; Money; Shell.