International cooperation to combat money laundering in the capital market: Indonesia and Australia experience
Journal of Investment Compliance
ISSN: 1528-5812
Article publication date: 4 December 2020
Issue publication date: 15 December 2020
Abstract
Purpose
To introduce new initiatives in combating money laundering and related corruption in the capital market sector through international cooperation between Indonesia and Australia.
Design/methodology/approach
This study used qualitative research methods. Data were obtained through observation, interviews and secondary data analysis. Primary and secondary data were then analyzed with an interactive model.
Findings
The Indonesian capital market is at high risk of being used as a means of laundering corrupt money. Our analysis found a major obstacle when investigators and prosecutors have handled money laundering cases conducted in the capital market because they have not had enough knowledge related to the capital market and its business processes.
Originality/value
This article is expected to add to the literature on handling money laundering from corruption carried out in the capital market. It describes best-practice efforts undertaken by Indonesia and Australia.
Keywords
Citation
Bintoro, S., Sjamsuddin, S., Pratiwi, R.N. and Hermawan (2020), "International cooperation to combat money laundering in the capital market: Indonesia and Australia experience", Journal of Investment Compliance, Vol. 21 No. 4, pp. 263-276. https://doi.org/10.1108/JOIC-10-2020-0043
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited