Abstract
The historical existence of savings and loans cooperatives (KSP) in Indonesia cannot be separated from the account and development of cooperatives in the country. Savings and loans business has become the main basis for cooperative activities that make cooperatives persist and progress timelessly. Savings and Loans Cooperatives have even become the main goal of micro and small business players in finding welcoming and friendly sources of financing in the sense of low interest rates and a quick/ easy process to reach without conditions and based on family principles. With all forms of developments and changes, this type of savings and loan cooperative has the potential for the practice of money laundering. Suspicious financial transactions, such as payments for voluntary savings in large amounts that do not match the profile of service users and payments for cooperative savings made by other parties that have no relationship with service users. Thus, it should be suspected and followed up by an effort to prevent and combat money laundering. With the existence of Presidential Regulation Number 13 of 2018 concerning the Application of the Principles of Recognizing Beneficial Owners of Corporations in the Context of Prevention and Eradication of Money Laundering and Terrorism Funding Crimes, it is an initial anticipatory step to prevent money laundering in savings and loan cooperatives and savings units with the principle of knowing service users (PMPJ).
 
 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0797/a.php" alt="Hit counter" /></p>
Highlights
IntroductionCooperative is a people's economic movement based on Pancasila and the 1945 Constitution of the Republic of Indonesia
Indonesia has various types of legal entities, one of which is cooperatives
Money laundering was raised as a crime (crime originating from narcotics and psychotropic crimes which is very rapid in developed countries including countries in South America such as Mexico, Colombia, South Africa such as Nigeria and several islands in Indonesia as well as in Pacific, like the islands of Caymand and the Caribbean (Ibid)
Summary
Cooperative is a people's economic movement based on Pancasila and the 1945 Constitution of the Republic of Indonesia. This is based on the principle of kinship as formulated in Article 33 of the 1945 Constitution. According to Law Number 25 of 1992 concerning Cooperatives, Article 1 paragraph (1) states that a cooperative is a business entity whose members are individuals or a cooperative legal entity by basing its activities on the principles of cooperatives as people's economic movement based on the principle of kinship. According to the Father of Indonesia’s Cooperative, Mohammad Hatta, a cooperative is a joint effort to improve the fate of economic livelihoods based on assistance; the spirit of helping is driven by the desire to provide services to comrades, based on one person for all and all for someone (Sudarwanto and Kharisma, 2019: 1-3)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
