Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis
Purpose: Based on semi-structured interviews with current senior officers of the Indonesian Police Force, Indonesian Attorney General's Office and the Indonesian Financial Transaction Reports and Analysis Centre (Pusat Pelaporan dan Analisis Transaksi Keuangan), the purpose of this paper is to...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Emerald Group Publishing Limited
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/24461 |
| _version_ | 1848751436045746176 |
|---|---|
| author | Rusmin, Rusmin Brown, Alistair |
| author_facet | Rusmin, Rusmin Brown, Alistair |
| author_sort | Rusmin, Rusmin |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose: Based on semi-structured interviews with current senior officers of the Indonesian Police Force, Indonesian Attorney General's Office and the Indonesian Financial Transaction Reports and Analysis Centre (Pusat Pelaporan dan Analisis Transaksi Keuangan), the purpose of this paper is to consider the regulator context and governance of some key issues in Indonesia's anti‐money laundering (AML) regime: the progress of “know your customer” implementations and the crackdown on foreign bribery. Design/methodology/approach: Interviewing respondents from key Indonesian agencies involved in the AML regime, the authors used semi-structured interviews to develop a narrative analysis of the research questions. Findings: The results of the narrative analysis suggest all three agencies are satisfied with the effectiveness of “know your customer” regulations, particularly in their capacity to heighten awareness. All respondents, however, were a little more circumspect on the foreign bribery crackdown. Practical implications: The paper shows that at best, mutual legal assistance provided help for transaction reports and analysis. At worst, it appears foreign bribery issues are an intractable problem. It is concluded that policy tools need to be contextualised within Indonesia's socio-economic realities rather than wholly struck from western fields. Originality/value: Fresh “insider” insights were gleaned about the current state of play regarding “know your customer” principles and the clampdown on foreign bribery. This is of value to many parties involved in the advancement of AML, both within and outside Indonesia. |
| first_indexed | 2025-11-14T07:52:41Z |
| format | Journal Article |
| id | curtin-20.500.11937-24461 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:52:41Z |
| publishDate | 2012 |
| publisher | Emerald Group Publishing Limited |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-244612017-09-13T15:08:25Z Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis Rusmin, Rusmin Brown, Alistair Purpose: Based on semi-structured interviews with current senior officers of the Indonesian Police Force, Indonesian Attorney General's Office and the Indonesian Financial Transaction Reports and Analysis Centre (Pusat Pelaporan dan Analisis Transaksi Keuangan), the purpose of this paper is to consider the regulator context and governance of some key issues in Indonesia's anti‐money laundering (AML) regime: the progress of “know your customer” implementations and the crackdown on foreign bribery. Design/methodology/approach: Interviewing respondents from key Indonesian agencies involved in the AML regime, the authors used semi-structured interviews to develop a narrative analysis of the research questions. Findings: The results of the narrative analysis suggest all three agencies are satisfied with the effectiveness of “know your customer” regulations, particularly in their capacity to heighten awareness. All respondents, however, were a little more circumspect on the foreign bribery crackdown. Practical implications: The paper shows that at best, mutual legal assistance provided help for transaction reports and analysis. At worst, it appears foreign bribery issues are an intractable problem. It is concluded that policy tools need to be contextualised within Indonesia's socio-economic realities rather than wholly struck from western fields. Originality/value: Fresh “insider” insights were gleaned about the current state of play regarding “know your customer” principles and the clampdown on foreign bribery. This is of value to many parties involved in the advancement of AML, both within and outside Indonesia. 2012 Journal Article http://hdl.handle.net/20.500.11937/24461 10.1108/13685201211238025 Emerald Group Publishing Limited restricted |
| spellingShingle | Rusmin, Rusmin Brown, Alistair Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title | Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title_full | Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title_fullStr | Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title_full_unstemmed | Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title_short | Regulatory context: Recent progress on key aspects of Indonesia's anti-money laundering regime: a narrative analysis |
| title_sort | regulatory context: recent progress on key aspects of indonesia's anti-money laundering regime: a narrative analysis |
| url | http://hdl.handle.net/20.500.11937/24461 |