Rasionalitas Indonesia dalam Pengimplementasian “40+9 Rekomendasi” FATF
Global anti-money laundering and countering the financing of terrorism (AML/CFT) regime set up by G7 countries in 1989 had established a nontreaty yet significantly influencing standard setter body named Financial Action Task Force (FATF). Regime norms codified by FATF in “40+9 Recommendations”, han...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Yogyakarta
2016-11-01
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| Series: | Jurnal Hubungan Internasional |
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| Online Access: | https://journal.umy.ac.id/index.php/jhi/article/view/2254 |
| Summary: | Global anti-money laundering and countering the financing of terrorism (AML/CFT) regime set up by G7 countries in 1989 had established a nontreaty yet significantly influencing standard setter body named Financial Action Task Force (FATF). Regime norms codified by FATF in “40+9 Recommendations”, hand in hand with “Non-cooperative Countries and Territories (NCCTs)” list have become two most powerful instruments in enforcing international AML/CFT regime, not only for member but also non member countries, including Indonesia. This study is aimed to explore the reasons behind Indonesia’s decision to adopt and thus implement “40+9 Recommendations”. Using power-based regime approach and the economic sanction theory, this research finds that the said decision is a result of rational calculation, considering both international and domestic dynamics. On international side, there are global financial hegemon countries as FATF members behind “40+9 Recommendations” who can act unilaterally to foster and enforce its global implementation. On the domestic side, its implementation can provide a basis for good financial governance, a much needed foundation to build anti-corruption and anti-terrorism national regime. |
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| ISSN: | 1829-5088 2503-3883 |