Confidentiality of Banks as Modus Operandi by Gatekeepers in Money Laundering

Isma Nurillah; Topo Santoso

Confidentiality of Banks as Modus Operandi by Gatekeepers in Money Laundering

Isma Nurillah, Topo Santoso

Department of Law

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

1 Citation (Scopus)

Abstract

The mode of crime is constantly changing and increasingly implicates not only legal and banking professionals but also encroaches into the banking system via bank secrets. This paper compares the legal approaches to the bank secrecy of Indonesia, the Netherlands, and the Bahamas. In Indonesia, legislation on bank secrecy began in Perpu in 1960 and continued through the Banking Act 1998. From 1960 to 1998, legislation about bank secrecy has continued to change, including the limitation of bank secrecy. By examining these changes, a comparison can be made among law enforcement of different countries that face similar problems. Through a comparative law approach, our study can help countries solve the problem in their respective jurisdictions.

Original language	English
Title of host publication	Challenges of Law and Governance in Indonesia in the Disruptive Era I
Publisher	Nova Science Publisher Inc.
Pages	209-224
Number of pages	16
ISBN (Electronic)	9781536193480
ISBN (Print)	9781536191295
Publication status	Published - 1 Jan 2021

Keywords

anti-money laundering
bank secrecy
gatekeeper

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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abstract = "The mode of crime is constantly changing and increasingly implicates not only legal and banking professionals but also encroaches into the banking system via bank secrets. This paper compares the legal approaches to the bank secrecy of Indonesia, the Netherlands, and the Bahamas. In Indonesia, legislation on bank secrecy began in Perpu in 1960 and continued through the Banking Act 1998. From 1960 to 1998, legislation about bank secrecy has continued to change, including the limitation of bank secrecy. By examining these changes, a comparison can be made among law enforcement of different countries that face similar problems. Through a comparative law approach, our study can help countries solve the problem in their respective jurisdictions.",

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AB - The mode of crime is constantly changing and increasingly implicates not only legal and banking professionals but also encroaches into the banking system via bank secrets. This paper compares the legal approaches to the bank secrecy of Indonesia, the Netherlands, and the Bahamas. In Indonesia, legislation on bank secrecy began in Perpu in 1960 and continued through the Banking Act 1998. From 1960 to 1998, legislation about bank secrecy has continued to change, including the limitation of bank secrecy. By examining these changes, a comparison can be made among law enforcement of different countries that face similar problems. Through a comparative law approach, our study can help countries solve the problem in their respective jurisdictions.

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KW - bank secrecy

KW - gatekeeper

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M3 - Chapter

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PB - Nova Science Publisher Inc.

ER -

Confidentiality of Banks as Modus Operandi by Gatekeepers in Money Laundering

Abstract

Keywords

UN SDGs

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