Criminal Law Policy Against Non-Bank Foreign Exchange Business Activities (KUPVA-BB) or Illegal Money Changer in Indonesia

Binsan Ripmal Simangkir, Sihabudin ., Iwan Permadi, Herman Suryokumoro


The Practice of Non-Bank Foreign Exchange Business Activities (KUPVA-BB) or illegal Money Changer cannot be touched by law by using Bank Indonesia Regulation Number 18/20 / PBI / 2016, dated October 7, 2016, about KUPVA-BB. Illegal KUPVA-BB practices or practices cannot be put in order through law enforcement mechanisms, because the current regulations as legality for conducting law enforcement cannot reach. They are free to do their business in Indonesia to obtain the greatest profit, without taking care of their business licenses, the perpetrators do not pay taxes to the state from the results of their efforts. The purpose of this research is to find out how criminal law policy towards KUPVA-BB in Indonesia. This research is a legal research with a law approach, comparative approach, and conceptual approach. The analysis technique in this research was carried out in a literature study and documentary study. The results showed that the business activities of exchanging non-bank foreign currencies or illegal money changers required the existence of a rule that contains legal norms that can be used as legality in law enforcement. Non-bank currency exchange business activities are illegal or money changers, such as prohibitions against illegal practices, the law against illegal practices, the authority of law enforcement and the law regulating KUPVA-BB.

Keywords: Non-Bank Foreign Exchange Business Activities (KUPVA-BB), illegal money changers, law enforcement, legality.

DOI: 10.7176/JLPG/90-05

Publication date:October 31st 2019

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