The Existence Of Notaries In Supporting Electronic Transaction Security Systems Related To Money Laundering And Terrorism Financing In Indonesia

Abstract

Indonesia is the only G20 member country that is not yet a member of the Financial Action Task Force (FATF). However, notaries in Indonesia have a significant role in helping prevent money laundering and terrorism financing. The role can be conventionally by applying the Principles of Recognizing Service Users for Notaries (customer due diligence) or electronically as an electronic certificate registration authority (Registration authority) which is authorized to conduct an inspection, verification, identification of legal subjects of electronic certificate applicants before conducting electronic transactions. The principle of recognizing service users for notaries (customer due diligence) and the position of a notary as an electronic certificate registration authority are interoperability of the function of the notary's authority in assisting the government to prevent money laundering and terrorism financing as a suspect in reporting financial transactions. The application of the Principles of Recognizing Service Users, Reporting and Analysis of Financial Transactions for notaries is also one of the requirements for Indonesia to become a member of the FATF.