Illegal investment alerts Indonesian authorities against money laundering – Universities

Ahmad Aji Sukma (The Jakarta Post)


London ●
Mon 10 October 2022

Foreign investors in Indonesia should be aware of the uncertainty surrounding the regulations governing Indonesia’s financial services regime and its record of enforcing money laundering prosecutions. Indonesian authorities have recently used money laundering and cyber-fraud laws to prosecute companies allegedly involved in illegal investments in connection with peer-to-peer lending and digital trading platforms.

This case attracted public attention and prompted Indonesian law enforcement to use money laundering laws to close loopholes in Indonesian financial crime legislation. Businesses and foreign investors should take this into account to improve their Anti-Money Laundering (AML) due diligence and compliance to minimize the potential risk of becoming involved in financial crimes and related fraudulent activities. to fintech/digital investments and subsequent lawsuits.

The trend of using online platforms to invest and borrow money (e.g. digital assets, online trading apps, peer-to-peer lending) has successfully attracted thousands of Indonesian consumers of financial services to the digital finance market.

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