International Standards in Inter-Country Cooperation Regarding the Crime of Money Laundering

Abstract

Money laundering has been known as one of the problems faced nowadays. The international
community has agreed to prohibit crimes related to narcotics and money laundering. This
study aimed to examine the international standards of anti-money laundering and the role of
international cooperation in the prevention and eradication of the crime of money laundering.
This was normative legal research using several approaches, namely statutory, historical and
analytical approach. The study indicated that various laws and regulations as well as
international and regional organizations have been established to combat money laundering.
Further, the role of cooperation between countries in preventing and eradicating money
laundering crimes between Indonesia and internationally is very good. The implementation of
this cooperation is proven by optimizing the exchange of information related to allegations of
money laundering and predicate crimes among fellow FIUs, as well as Indonesia's
participation in seminars, workshops or training related to the prevention and eradication of
money laundering and terrorism financing organized by other countries or international
institutions.