Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies
Indonesia’s Anti-Money Laundering (AML) laws were originally designed to combat traditional financial crimes; however, the rise of virtual items in online gaming economies presents new challenges. This study aims to assess whether the current legal framework is equipped to address the use of virtual...
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| Format: | Article |
| Language: | Indonesian |
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Universitas Islam Negeri Raden Fatah
2024-10-01
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| Series: | Nurani |
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| Online Access: | https://jurnal.radenfatah.ac.id/index.php/Nurani/article/view/24422 |
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| author | Shelvi Rusdiana Tantimin Winda Fitri |
| author_facet | Shelvi Rusdiana Tantimin Winda Fitri |
| author_sort | Shelvi Rusdiana |
| collection | DOAJ |
| description | Indonesia’s Anti-Money Laundering (AML) laws were originally designed to combat traditional financial crimes; however, the rise of virtual items in online gaming economies presents new challenges. This study aims to assess whether the current legal framework is equipped to address the use of virtual items in money laundering activities. Utilizing a normative legal research method and a statutory approach, the research draws on secondary data from Law No. 8 of 2010 on the Prevention and Eradication of Money Laundering, sourced from Indonesian legal databases. The data are analyzed descriptively to evaluate their relevance to digital economies. The findings reveal that while the AML Law provides a basic framework, it requires further development to specifically address the role of virtual assets and gaming platforms in money laundering. This study proposes legal reforms, including clearer definitions of virtual assets and amendments to impose liability on gaming developers, with the aim of enhancing Indonesia's regulatory framework to address emerging threats. |
| format | Article |
| id | doaj-art-e4233364aceb4b7e87de29aa9ed34022 |
| institution | Kabale University |
| issn | 1693-8437 2460-9102 |
| language | Indonesian |
| publishDate | 2024-10-01 |
| publisher | Universitas Islam Negeri Raden Fatah |
| record_format | Article |
| series | Nurani |
| spelling | doaj-art-e4233364aceb4b7e87de29aa9ed340222025-02-12T03:19:07ZindUniversitas Islam Negeri Raden FatahNurani1693-84372460-91022024-10-0124236037410.19109/nurani.v24i2.2442221503Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming EconomiesShelvi Rusdiana0Tantimin1Winda Fitri2Universitas Internasional Batam, IndonesiaUniversitas Internasional Batam, IndonesiaUniversitas Internasional Batam, IndonesiaIndonesia’s Anti-Money Laundering (AML) laws were originally designed to combat traditional financial crimes; however, the rise of virtual items in online gaming economies presents new challenges. This study aims to assess whether the current legal framework is equipped to address the use of virtual items in money laundering activities. Utilizing a normative legal research method and a statutory approach, the research draws on secondary data from Law No. 8 of 2010 on the Prevention and Eradication of Money Laundering, sourced from Indonesian legal databases. The data are analyzed descriptively to evaluate their relevance to digital economies. The findings reveal that while the AML Law provides a basic framework, it requires further development to specifically address the role of virtual assets and gaming platforms in money laundering. This study proposes legal reforms, including clearer definitions of virtual assets and amendments to impose liability on gaming developers, with the aim of enhancing Indonesia's regulatory framework to address emerging threats.https://jurnal.radenfatah.ac.id/index.php/Nurani/article/view/24422anti-money laundering lawscontemporary money laundering practicegaming economyvirtual items |
| spellingShingle | Shelvi Rusdiana Tantimin Winda Fitri Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies Nurani anti-money laundering laws contemporary money laundering practice gaming economy virtual items |
| title | Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies |
| title_full | Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies |
| title_fullStr | Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies |
| title_full_unstemmed | Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies |
| title_short | Rethinking Indonesian Anti-Money Laundering Laws in the Age of Online Gaming Economies |
| title_sort | rethinking indonesian anti money laundering laws in the age of online gaming economies |
| topic | anti-money laundering laws contemporary money laundering practice gaming economy virtual items |
| url | https://jurnal.radenfatah.ac.id/index.php/Nurani/article/view/24422 |
| work_keys_str_mv | AT shelvirusdiana rethinkingindonesianantimoneylaunderinglawsintheageofonlinegamingeconomies AT tantimin rethinkingindonesianantimoneylaunderinglawsintheageofonlinegamingeconomies AT windafitri rethinkingindonesianantimoneylaunderinglawsintheageofonlinegamingeconomies |