PREVENTION OF MONEY LAUNDERING

Money laundering is done to remove or obscure the origin of the money committed by perpetrators of money laundering, using the infrastructure of banking services via telegraphic transfer command from one bank to another, in order to secure the money earned unlawfully. Identification is done by banks, only monitoring through form filling actions and statements of customers at the time will make a deposit into the account, or receive money in the account whose number exceeds the maximum limit set. The completed form and approved by the customer, and then undergo a process of monitoring by the agency Research Center of Financial Transaction Analysis (PPATK) and the Financial Services Authority (FSA), which is carried out continuously. Measures to identify which do have many shortcomings, because customers will deposit or receive money, can give a good reason that some monitoring can be deceived, obscured or manipulated, so that the perpetrators of money laundering escape the law, as it has tainted money. Overview Money laundering occurs because no detection of financial transactions carried out by the institution PPATK and the FSA, on the evidence provided by the Customer at the time of deposit or receive money in a bank account under their control, at the time when financial transactions are made in cash, by telegraphic transfer, which occurred between banks within a State or involving other banks in different countries. Launderer in general, will not conduct financial transactions by using its own behalf but using the name of another individual, who has a close relationship and are believed to conduct financial transactions. Account used to commit money laundering, generally frozen by the FSA after receiving the report from the PPATK found indications of money laundering, but the amount of money frozen very small (ranging from 1% -5%), when compared with the amount of money he could experience leaching (95% -99%). Freezing money in bank accounts can’t be used as evidence that the owner of the money has violated the law, so there is still need for other evidence that still requires a long process. While money has been successfully experienced laundering can’t be reached or is still controlled by the owner until the time limit is not specified, or until the money runs out is used. Program Description 1. Prevention of Money Laundering Program will provide proof that money laundering is happening is

the weakness of infrastructure, rule of law and professionalism of the employees of the 3 (three) institutions involved in monitoring and implementing financial transactions:

a. Research Center of Financial Transaction Analysis b. Financial Services Authority

c. Banking Institutions (Bank Operations and / or the Central Bank)

2. Prevention of Money Laundering Program will provide proof that money laundering is done by certain

parties who have stolen money, in order to protect the wealth of their possessions as if legally owned by law

3. Prevention of Money Laundering Program will provide proof that the money that is undergoing a

process of washing can’t be detected at the time the owner of the money to use it. 4. Prevention Program will provide proof that the money or property that is undergoing a process of

washing can’t be touched by the law, because of the existence of other laws that protect the system. Objective 1. Analyze the objective of financial transactions through a variety of resources but still maintaining their

existing infrastructure 2. Identify the bank, the account, the account holder destination, when conducting financial transactions 3. Identify the State that protects or complicate the disbursement of money (wealth) derived from money

laundering 4. Identify the media that is used in the process of money laundering, but can not be touched by the

existing legal system today 5. Increase the amount of money or property that can be availed by the State who feel that money or

wealth has been stolen by an individual or organization 6. Freeze money or property derived from money laundering, and being in another country so that the

owner of money or possessions can no longer use money or wealth. Methods Program The program is organized with two types, namely: 1. Held at the in-house workshop for 2 (two) days, in transforming knowledge in the process of money

laundering is done at this time 2. Prevention of money laundering through simulations for:

2.1. Proving their weaknesses including regulatory infrastructure owned by the current law, 2.2. Proving that the act of money laundering that occurs can not be touched by the rule of law 2.3. Proving that money or property derived from money laundering can not be returned to the State

authorities have 2.4. Proving that money launderers are still able to have or use money or property derived from the

act against the law Outline 1. The definition of money laundering in theory and practice 2. Identify weaknesses contained in the current infrastructure that is used in the money laundering act

3. Identify the types of transactions that are used to commit money laundering 4. Identify the media used by money launderers, in using or using money (wealth) which undergo a

process of money laundering 5. Identify the legal system in the country to protect or defend the money (wealth) results of money

laundering 6. Utilize the media used by money launderers, for the benefit of the State who have money (wealth) is

legally Consultant Setiono Winardi, SH., MBA Contact To obtain further information, please contact the team Performance Academy, email performance.academy99@gmail.com, Mobile + 62-821-1155-6660, Miss. Zieizie. Public profile https://gh.linkedin.com/in/performanceacademy