Potential Money Laundering Crimes Through Blockchain-Based Digital Legal Insurance Schemes In Indonesia
DOI:
https://doi.org/10.38035/jlph.v6i5.3520Keywords:
Money Laundering, Legal Issues, Blockchain, Digitalization, Criminal LawAbstract
Potential Money Laundering Crimes Through Blockchain-Based Digital Legal Insurance Schemes In Indonesia. The background issue is the rapid growth of digital insurance vulnerable to financial crime due to blockchain anonymity features. The objectives are to determine the mechanism of digital legal insurance schemes, analyze money laundering potential, and examine criminal law regulations in Indonesia. The research method uses normative juridical with statute and conceptual approaches. The results show that blockchain anonymity and smart contracts create loopholes for placement, layering, and integration stages of illegal funds. Current regulations do not specifically regulate risk mitigation in legal insurtech products. The conclusion suggests revising the money laundering prevention law and stricter financial services authority supervision. Stricter identity verification is required on digital legal insurance platforms and including this product in the suspicious transaction reporting list to prevent misuse of the legal insurance system as a means of money laundering that can hinder the criminal justice process
References
Alam, S. (2021). Regulation of financial technology in Indonesia. Journal of Business Law, 15(2), 45-60.
Anderson, M. (2021). Cryptocurrency and financial crime. Journal of Financial Regulation, 12(3), 112-130.
Arner, D. W., Barberis, J., & Buckley, R. P. (2020). The evolution of AML/CFT in the digital age. International Review of Law, Computers & Technology, 34(1), 1-25.
Bukhori, I. (2020). Prevention of money laundering through the insurance sector. Journal of Legal Science, 10(1), 12-25.
Chen, Y., & Zhang, L. (2022). Blockchain technology in insurance: Risks and opportunities. International Journal of Law and Technology, 8(3), 112-130.
Clark, R. (2020). Smart contracts and legal enforcement. Harvard Journal of Law & Technology, 33(2), 450-480.
Davis, L. (2023). Digital insurance models in Southeast Asia. Asian Journal of Comparative Law, 18(1), 88-105.
Evans, K. (2021). Money laundering risks in insurtech. Journal of Financial Crime, 28(4), 300-320.
Fatimah, S. (2019). Money laundering crimes: Theory and practice. Judicial Journal, 12(2), 150-165.
Garcia, P. (2022). Decentralized finance and regulatory challenges. Stanford Technology Law Review, 25(1), 50-75.
Hartono, S. (2020). Insurance law in the digital era. Journal of Commercial Law, 13(3), 200-215.
Hidayat, R. (2021). Smart contracts and their legal implications in Indonesia. Journal of Legal Technology, 7(2), 88-102.
Ibrahim, Z. (2021). Cyber crime and insurance fraud. International Journal of Cyber Criminology, 15(1), 30-45.
Jones, H. (2023). Blockchain anonymity and criminal law. Criminal Law Forum, 34(2), 120-140.
Kurniawan, A. (2020). Digital insurance: Opportunities and challenges. Journal of Economics and Finance, 12(4), 200-215.
Lee, K. (2023). Money laundering risks in decentralized finance. Journal of Financial Crime, 15(1), 30-45.
Martinez, J. (2022). Regulatory sandboxes for insurtech. Journal of Financial Regulation and Compliance, 30(3), 250-265.
Muthmainnah, E. (2017). Legal research methods. Journal of Law Ius Quia Iustum, 24(1), 1-15.
Nugroho, B. (2022). Cyber crime and money laundering. Criminalistics Journal, 9(3), 55-70.
OJK. (2021). Indonesia's digital finance roadmap 2025. Financial Services Authority, 1(1), 10-25.
Pratama, D. (2023). Juridical analysis of insurtech in Indonesia. Journal of Commercial Law, 11(2), 90-105.
Rahman, F. (2020). Blockchain and data privacy. Journal of Information Technology, 6(1), 15-28.
Sari, M. (2021). Consumer protection in digital insurance. Journal of Consumer Protection Law, 8(2), 40-55.
Setiawan, A. (2022). Economic criminal law in the digital era. Journal of Indonesian Criminal Law, 13(1), 10-25.
Smith, J. (2023). Legal insurance models in common law. International Insurance Law Review, 20(4), 300-320.
Susanto, B. (2019). PPATK and handling of money laundering crimes. Journal of Law and Development, 49(2), 150-165.
Wijaya, I. (2021). Crypto asset regulation in Indonesia. Journal of Financial Law, 13(3), 75-90.
Yulianto, D. (2020). Smart contracts in civil law perspective. Journal of Civil Law, 14(1), 22-38.
Zhang, W. (2022). Anti-money laundering compliance in insurtech. Journal of Compliance Management, 10(2), 150-165.
Zhao, X. (2021). Cross-border money laundering via digital assets. Journal of International Criminal Justice, 19(3), 500-520.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Necklina Druhandani, Adi Muhajirin
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Journal of Law, Poliitic and Humanities (JLPH) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Law, Poliitic and Humanities (JLPH).
