Proceedings of the 20th International Symposium on Management (INSYMA 2023)

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The Development of Money Laundering Knowledge in Relation to the Electronic Money

Authors
Amelia1, *, Fidelis Arastyo Andono1
1University of Surabaya, Surabaya, Indonesia
*Corresponding author.
Corresponding Author
Amelia
Available Online 30 September 2023.
DOI
10.2991/978-94-6463-244-6_77How to use a DOI?
Keywords
electronic money; money laundering; anti-money laundering
Abstract

According to the United Nations Office on Drugs and Crime (UNODC) forecast, the amount of money laundered globally amounted to 2–5% of the global GDP. The money laundering process has changed over time, and the use of electronic money has increased over the years. Previous research has shown that the arrival of electronic money attracts many people to find other money laundering methods using electronic payment. The Financial Task Force has shown commercial websites and internet payment systems’ vulnerability. However, since electronic money is still in its infancy, its development must be limited to prevent money laundering. Therefore, this paper shows how electronic money was used in money laundering in Indonesia. The method used was a systematic review; the journals reviewed were from 2015 to 2022. The result shows that electronic money has a role in money laundering, especially in the placement stage. Indonesia still needs to find the correct code to stop money laundering in the digital era.

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.

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Volume Title
Proceedings of the 20th International Symposium on Management (INSYMA 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 September 2023
ISBN
978-94-6463-244-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-244-6_77How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Amelia
AU  - Fidelis Arastyo Andono
PY  - 2023
DA  - 2023/09/30
TI  - The Development of Money Laundering Knowledge in Relation to the Electronic Money
BT  - Proceedings of the 20th International Symposium on Management (INSYMA 2023)
PB  - Atlantis Press
SP  - 542
EP  - 547
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-244-6_77
DO  - 10.2991/978-94-6463-244-6_77
ID  - 2023
ER  -