CAPITAL MARKET AUTHORITY OF SUPERVISORY BOARD BAPEPAM- LK IN HANDLING MONEY LAUNDERING IN CAPITAL MARKET
M. Adenan AS Bismar Nasution
Sunarmi Mahmul Siregar
A B S T R A C T
Capital markets have a strategic role as one of the sources of business financing and investment vehicle for the community. The development of information
and technology enables the capital market as a potential venue for the crime, the crime is a money laundering in the stock market. Capital Market Supervisory Agency
called BAPEPAM-LK has the task to develop, manage, and supervise all activities in the capital market conduct examination and investigation of criminal violations of the
capital market. However, the facts in the case of money laundering crimes in the capital market, BAPEPAM-LK as an authority on capital markets simply are passive.
Although, BAPEPAM-LK has issued a regulation Know Your Customer or KYC but money laundering still occurred in the capital market. For the case of criminal
offensse, BAPEPAM-LK has the authority to perform inspection, investigation to administrative sanctions.
Money laundering process into the capital market through the manipulation of capital market securities, namely the purchase of securities with the proceeds of crime
and the subsequent securities used as collateral for loans in the bank. So, it looks received from the bank is clean money. Money laundering from outside the capital
market proceeds into the capital market, such as the corruption money invested by purchased the shares. More further, proceeds money laundering to the capital markets
through the capital market system. For example : LC Case from BNI’46 Bank.
Money laundering in capital market are more likely to stage integration and layering. Integration is laundered money was transferred in official activities so that
the funds appear legitimate. Layering is a move or change the form of funds through complex financial transaction in order to make tracking audit trail, the origin of
funds. Investigators in the capital market is a civil servant in the environment of BAPEPAM-LK appointed by the Minister of Justice. Action to start an investigation
carried out after obtaining the determination of the Chairman of BAPEPAM-LK. Article 74, Law No. 8 of 2010 on Preventing and Combating Money Laundering
investigator described the money laundering carried out by the Police, Public Prosecutor, Anti-Corruption Commission KPK, National Narcotics Agency BNN,
Directorate General Tax, Directorate General of Custom and Excise.
Meanwhile in Singapore, an investigation conducted by the Monetary of Singapore MAS. Supervisory authority in its regulation similar to BAPEPAM-LK
Student of Master of Law at Faculty of Law in University of North Sumatra Lecturers of Master of Law at Faculty of Law in University of North Sumatra
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but if something happen to know there is money laundering crime in the capital markets, MAS customers can immediately freeze the funds so that the stalled capital
market transactions. Capital market supervisory authority in the United States conducted by the Security Exchange Commission SEC. Especially conducted by the
Division of Enforcement in Cooperation with other Law Enforcement Institution to bring criminal cases of money laundering to the Federal Court.
The result of the research showed that : it is necessary to increase coordination and cooperation with related institutions such as the INTRAC, Police, and
Prosecutors, and the Court in order to guarantee the implementation of law enforcement in the capital market. More further, BAPEPAM-LK authorized the
handling of money laundering in the stock market because BAPEPAM-LK is the investigator in handling crime that occurred in the capital market and to better
understand the activities that take place in the capital markets to create public confidence in the capital markets industry. The way is to revise the Act. 8 of 2010 on
Preventing and Combating Money Laundering in particular Article 74 regarding criminal investigations of origin, for BAPEPAM-LK as an authority on capital
markets as an investigator involved criminal money launering in the stock market. Key Words
: - BAPEPAM-LK’s Authority -
Money Laundering in the stock market -
Handling money laundering
Universitas Sumatera Utara
KATA PENGANTAR
Bismillahirrahmanirrahim, Alhamdulilah, Puji dan syukur ke hadirat Allah SWT yang telah melimpahkan
rahmat dan karunia-Nya kepada penulis serta panjatan doa dan sholawat kepada Nabi Muhammad SAW yang telah memberikan contoh dan tauladan, penulis masih
diberikan kesehatan dan kesempatan serta kemudahan dalam mengerjakan tesis ini. Pada penulisan tesis ini, penulis dengan ketulusan hati, mengucapkan terima
kasih sebesaar-besarnya kepada semua pihak yang telah membantu dalam penyelesaian penulisan tesis ini. Ucapan terima kasih disampaikan kepada :
1. Prof. Dr. dr. Syahril Pasaribu, D.T.M.H., M.Sc. C.T.M., Sp.A.K.,
sebagai Rektor Universitas Sumatera Utara. 2.
Bapak Prof. Dr. Runtung Sitepu, S.H., M.Hum., sebagai Dekan Fakultas Hukum Universitas Sumatera Utara.
3. Bapak Prof. Dr. Suhaidi, S.H., M.Hum., sebagai Ketua Program Magister S2
dan Doktor S3 Ilmu Hukum Pasca Sarjana Universitas Sumatera Utara dan sebagai Dosen Penguji I yang telah memberikan masukan dalam hal penulisan
tesis. 4.
Bapak Dr. Mahmul Siregar, S.H., M.Hum., sebagai Sekretaris Program Magister S2 Ilmu Hukum Pasca Sarjana Universitas Sumatera Utara dan
merangkap Dosen Pembimbing II yang telah memberikan arahan mengenai penulisan tesis yang benar.
Universitas Sumatera Utara
5. Bapak Syafruddin Hasibuan, S.H., M.H., DFM., sebagai Pembantu Dekan II
dan Dosen Penguji II Fakultas Hukum Universitas Sumatera Utara yang telah memberikan masukan pada saat kolokium dan seminar hasil.
6. Bapak Prof. Dr. Bismar Nasution, SH., MH., sebagai Dosen Pembimbing I
yang telah memberikan masukan dan ide-ide dalam hal penulisan tesis ini sampai dengan selesai.
7. Ibu Prof. Dr. Sunarmi, S.H., M.Hum., sebagai Dosen Pembimbing II pada saat
penulis menjalani studi pada Fakultas Hukum Universitas Sumatera Utara yang telah memberikan motivasi dan dorongan kepada penulis.
8. Para Dosen dan Tata Usaha Sekolah Pasca Sarjana Ilmu Hukum Universitas
Sumatera Utara yang telah membantu selama penulis menjalani studi di Sekolah Pasca Sarjana Ilmu Hukum Universitas Sumatera Utara.
9. Kombes Pol. Drs. Imam Margono sebagai Kapoltabes Medan yang telah
memberikan kesempatan dan Motivasi mengikuti studi di Sekolah Pasca Sarjana Program Studi Magister Ilmu Hukum Sumatera Utara.
10. Terima kasih yang sangat besar kepada kedua orang tua saya
Ayahanda H. Helman Amur Sapilah dan Ibunda Hj. Hamdanah, yang selalu mendoakan, mencurahkan segenap kasih sayangnya dan segala
pengorbanannya sehingga penulis dapat menyelesaikan tesis ini. 11.
Terima kasih penulis kepada Istri saya Mona Andri Sugesti, SE., dan anak- anakku Alm. Muh. Darjard, Rizqi Magbul Kartanegara, Nasyha Salsabila
dan Nayla Parvina yang sangat memberikan motivasi kepada penulis dan
Universitas Sumatera Utara
doanya sehingga dapat menyelesaikan studi di Sekolah Pasca Sarjana Ilmu Hukum Universitas Sumatera Utara.
12. Tidak ketinggalan terima kasih kepada sahabat-sahabatku rekan mahasiswa,
sudah membantu selama penyelesaian tesis, yang tidak dapat penulis sebutkan namanya satu-persatu.
Akhir kata kiranya tulisan ini dapat berguna dan bermanfaat bagi semua pihak
yang berkepentingan, terutama dalam penerapan serta pengembangan ilmu hukum di Indonesia.
Wassalamualaikum wr. wb. Medan, 21 Mei 2011
Penulis
M. Adenan A.S.
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