The Development Of The Crime Of Money Laundering In The Industrial Revolution 4.0

Abstract

The development of globalization and technological advances affect the development of money laundering, which used to be a crime carried out conventionally, now money laundering can be carried out virtually so that it is increasingly difficult to detect and the reach of the national legal umbrella is difficult to investigate in increasingly blurred virtual world jurisdictions. This has become a major issue in the process of implementing Indonesian law against virtual money laundering which has caused huge losses to Indonesia's national financial system. The development of the era in the industrial era 4.0 currently has positive and negative impacts on people's lives. Along with these advances, the world of crime cannot be separated from the impact of the industrial era 4.0, one of which is money laundering which utilizes technological advances and system advances. The purpose of this study is to describe money laundering in the current digital 4.0 era. This research uses normative research methods and uses related legal materials. This study aims to determine the development and regulation of the crime of money laundering in the digital era and its mitigation. The type of research conducted is normative legal research. Money laundering is the process by which a person conceals the existence, illegal source, or illegal use of income, and then disguises that income to make it appear legitimate. One of the modus operandi in money laundering crimes that occur in today's digital era is using Electronic Money (electronic money). This virtual money laundering which is a form of crime of a new dimension with the use of newly developed means. The crime of money laundering has had a negative effect on the economy, such as undermining the integrity of financial markets, resulting in the loss of Government control over its economic policies, and causing economic instability.