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International cooperation to combat money laundering in the capital market: Indonesia and Australia experience

Sutarno Bintoro (Brawijaya University, Malang, Indonesia)
Sjamsiar Sjamsuddin (Brawijaya University, Malang, Indonesia)
Ratih Nur Pratiwi (Brawijaya University, Malang, Indonesia)
Hermawan (Brawijaya University, Malang, Indonesia)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 4 December 2020

Issue publication date: 15 December 2020

510

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

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Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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