Money Laundering

By : Ade Setio Yuwono

What is Money Laundering?



Money laundering is the process or act of using the money proceeds of crime. By doing that, the money is hidden or obscured their origins by the perpetrator, so that later appeared as if the money is legitimate or lawful.

They try to launder the money so that the source cannot be found.

Why do the laundry?

Criminals want to:  Avoid prosecution  Increase profits  Avoid seizure of accumulated wealth  Appear legitimate  Tax evasion They are trying to conceal the origin of the cash

MONEY LAUNDERING

PROCESS OF MONEY LAUNDERING :



PLACEMENT LAYERING INTEGRATION

PLACEMENT


The Money is placed into the financial system.

LAYERING


The Money is obscured into the complex financial transactions in order to camouflage the illegal source.

INTEGRATION


where the money got mixed in with legitimate money and documented as revenue.

Common money laundering techniques

     

Structuring Bank complicity Asset purchases with bulk cash Credit cards Gambling in casinos Refining

In Indonesia, it is legally regulated in UU RI No. 15/2002 on money laundering measures, which are distinguished in two money laundering offenses.
 The

Active Criminal,  The Passive Criminal.

The Active Criminal



where someone deliberately placing, transferring, granting, paying, entrust, carrying out of the country, exchange of money. Money proceeds of crime with the aim of obscure or hide the origins of the money, so it appears as if the money is legitimate .

The Passive Criminal



mentioned about the passive laundering that apply to every person who receives or controls the placement, transfer, payment, recipients of grants, donations, day care, money-changers of money derived from crime, with the same goal which is to blur, to conceal its origin. It was considered too similar to money laundering.

The Punishments:
 

Imprisonment : 5-15 years. Fine :Rp5.000.000.000 - Rp15.000.000.000

THANK YOU