THE CASE OF money laundering by the inactive Governor of North Maluku (Malut) Abdul Gani Kasuba is suspected of using the names of other people or nominees with a value of more than IDR 100 billion.
Money laundering crime (TPPU) and cyber security observer Muhammad Akbar Ilma explained that TPPU actually has three stages, namely placement, layering and integrating. In the initial stages of TPPU, namely placement or money laundering, it is often placed in the financial system.
“One of the ways that funds enter the financial system is through banking. This is where banking plays an important role in preventing TPPU as one of the entry points for sources of money laundering funds,” said Akbar in his statement, Saturday (11/5/2024).
According to him, the TPPU method using nominees does not only occur in Indonesia, but also in other countries. From these nominees, TPPU funds are transferred back into assets in the form of land, buildings, gold, vehicles and art objects.
“In principle, the use of nominees is to obscure the origins of wealth. This method makes TPPU assets appear to come from legal funds,” said Akbar.
According to Akbar, the central role of banking can be carried out through Know your customer (KYC) procedures for each customer. KYC must continue to be carried out with the principle of caution and deeper verification of customer data.
“Not only KYC but now political exposed persons (PEP). All customer transaction activities, including suspicious transactions, can be monitored. If this control system is carried out intensively and disciplined, the role of banking can certainly effectively reduce money laundering crimes,” said Akbar. (Z-2)
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