Efforts to Prevent Money Laundering in the Form of Binary Options Using Banking Prudential Principles
Year: 2025
Type: article
Abstract: After facing the Covid 19 pandemic, the country of Indonesia has been pushed to improve the economy with various efforts, one of which is by providing convenience in investing. At present, with the support of rapid technological developments, investment activities have emerged with the Binary Option model, where investment activities are online (“call” and “put”). As a result of these developments, there is a problem where investment activities using the Binary Option model are used as a means of money laundering, as in the case of Doni Muhammad Taufik who committed fraud under the guise of binary option Of Quotex platform. Considering that there are no regulations regarding the use of Binary Options yet, so there have been no efforts to take precautions, therefore efforts are needed to prevent money laundering by means of Binary Options. The purpose of this study is to see how Binary Options are regulated in Indonesia and how to prevent money laundering through Binary Options. Normative juridical research methods with statutory and conceptual approaches. From this research it was found that Binary Option regulations did not yet exist because they did not receive permission from Bappepti to operate because they were considered gambling activities under the guidance of investment and trading. Then, as an effort to prevent money laundering through Binary Options, you can establish a special institution regarding the party who became the reporter, where the special institution was created to supervise and monitor activities binary options which do not have permission from Bappepti.
Authors: Yefta Sweetly Andrew Poli, Eko Soponyono
Institution: Diponegoro University
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $53
OpenAlex ID: W4411087901