Optimizing Recovery of State Losses: Effective Strategy for Tracing Corrupt Assets at the Investigation Stage

DOI

10.2991/978-2-38476-315-3_50How to use a DOI?

Keywords

Asset Tracing; Corruption Crimes; Investigations

Abstract

Asset tracing is a crucial investigative method used to recover funds lost by the state due to criminal acts such as corruption and money laundering (TPPU). The objective of this process is to locate and identify assets that have been obtained through illegal activities, with the intention of seizing them and recovering the financial damages incurred by the state. The primary impediments to tracking and regaining assets in Indonesia are the intricate nature of financial schemes and the restricted level of international cooperation. This study examines the efficacy of asset tracing and recovery in situations of corruption and TPPU, as well as potential improvements to the current legal framework. The research methodology employed is a normative juridical examination of the laws and regulations pertaining to asset monitoring and recovery of state losses, along with specific case studies conducted in Indonesia. The research findings indicate that it is essential to enhance scientific capabilities and law enforcement expertise, establish appropriate legislative frameworks, and foster more efficient international collaboration. The PT Asuransi Jiwasraya case exemplifies the intricacy of tracking assets in the context of bogus investment schemes and the dispersion of assets across multiple nations. To summarize, enhancing the capabilities of law enforcement personnel and maximizing global collaboration are the essential factors for overcoming challenges in the process of tracing and retrieving assets. Enhancing and refining the existing legislation, along with incorporating exemplary practices from other nations, can bolster Indonesia’s legal framework. By implementing these strategic measures, it is anticipated that law enforcement would be able to operate with more efficiency, exert a substantial influence in eliminating criminal acts of corruption and money laundering, and achieve optimal restitution of state losses.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Bayu Murti Ywanjono
AU  - Hartiwiningsih Hartiwiningsih
AU  - Pujiyono Suwadi
PY  - 2024
DA  - 2024/12/24
TI  - Optimizing Recovery of State Losses: Effective Strategy for Tracing Corrupt Assets at the Investigation Stage
BT  - Proceedings of the International Conference on Cultural Policy and Sustainable Development (ICPSD 2024)
PB  - Atlantis Press
SP  - 369
EP  - 375
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-315-3_50
DO  - 10.2991/978-2-38476-315-3_50
ID  - Ywanjono2024
ER  -