Cryptocurrency Laundering and Transnational Organized Crime: Legal Responses in the Digital Economy
Keywords:
Cryptocurrency, Money Laundering, Transnational Crime, Indonesia, Blockchain, Financial Crime, Cyber LawAbstract
The rise of cryptocurrency has transformed the global financial landscape, offering new opportunities for innovation while simultaneously facilitating sophisticated forms of money laundering and transnational organized crime. In Indonesia, the increasing use of digital assets has raised concerns regarding regulatory gaps and enforcement limitations in tracing illicit financial flows. This article examines cryptocurrency laundering within the context of transnational organized crime and evaluates Indonesia’s legal and regulatory responses. Using normative legal research and comparative analysis, the study explores how existing anti-money laundering frameworks address crypto-related financial crimes. The findings indicate that while Indonesia has implemented regulatory oversight through financial authorities, challenges persist in tracing anonymous transactions, regulating decentralized platforms, and ensuring cross-border enforcement cooperation. The article argues that traditional anti-money laundering mechanisms are insufficient to address the complexity of blockchain-based financial crimes. It proposes strengthening regulatory harmonization, enhancing blockchain forensic capabilities, and expanding international cooperation mechanisms. The study concludes that effective control of cryptocurrency laundering requires adaptive legal frameworks capable of responding to rapidly evolving digital financial technologies.
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