Money Laundering in the Perspective of Local Culture and Banking Law in Indonesia

I Nyoman Gede Sugiartha, I Putu Astawa


The research aims to describe money laundering in the context of local culture and banking law. The research differs to previous studies that stress merely on individual and institutional aspects. 36 cases is observed and made as qualitative study material using normative law method. Research result shows that local culture, especially catur purusa artha, believed by the society is giving no truth space in gaining wealth in the right way. Based on the banking law, the principle of know the customers as a weapon to close the movement of money laundering should be strongly implemented by bank management.

Keywords: local culture, money laundering, banking law

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ISSN (Paper)2224-3240 ISSN (Online)2224-3259

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