There are a variety of regulation schemes that might be carried out to control entry to medicine while removing the profits from criminal enterprises. Ideally, the intention must be to attenuate the harm that drugs cause to users and society at massive, to shrink the dimensions of the black market, and to obviate the need to launder illicit funds.
Throughout the meeting, Green mentioned that, partly, “it was essential for him to make more than a 5 percent revenue on the transaction so that he wouldn’t be requested why he was ‘in the money laundering business’,” in keeping with the indictment. He further said that he would address an bill for the painting to an organization that the undercover agent specified.
What’s it? Cash laundering is the process of disguising the nature and source of money or different property linked with criminal activity, comparable to drug trafficking, terrorism, bribery, or corruption, by integrating the illicit cash or KYT/了解您的交易 property into the stream of commerce in order that it seems authentic or its true supply or owner can’t be identified. These concerned within the criminal exercise try to cover the proceeds of their crimes or make them seem reputable by “laundering” them by means of reliable companies.
Di Indonesia, cash laundering ini disebut sebagai pencucian uang, dan diatur dalam UU No. Eight Tahun 2010 tentang Pencegahan dan Pemberantasan Tindak Pidana Pencucian Uang (“UU No. 8/2010”). Menurut pasal 1 ayat (1) UU No. 8/2010, yang dimaksud dengan pencucian uang adalah segala perbuatan yang memenuhi unsur-unsur tindak pidana sesuai ketentuan UU No. 8/2010 ini. Adapun perbuatan-perbuatan yang menjadi tindak pidana menurut UU No. 8/2010 adalah:
Along with meeting regulators’ compliance demands, there’s additionally a growing need for monetary institutions to leverage on new FinTech options to additional optimise their KYC programmes and better differentiate themselves from the competitors; especially in the areas of expediting clients’ onboarding course of, minimising price and the duplication of effort, and most significantly, bolstering safety and safeguarding their repute as effectively because the integrity of their programs from being concerned in money laundering actions/monetary crimes.