The Effectiveness of Law Enforcement in Efforts to Impose Crime of Money Laundering the Perspective of International Law

Abstract

The prevention of money laundering crimes is crucial and urgent, given the large impact it can have on national finances, social order, and economic security are all adversely affected by money laundering violations. Therefore, using normatian juridical research technique for literature research, we need to determine the extent to which international regulations can be applied in the fight against money laundering, where countries' compliance rates vary and often do not reach the desired level. Studies suggest that the first international tool through the UN convention, there must be an internationally enforced standard, forty measures imposed by the Financial Action Task Force (FATF) being used in the practice of laundering crime. Despite national law and international law enforcement that regulates criminal money laundering, there is still a weak link between the financial monitoring system and the lack of expertise of the supervisors in the field.