Abstract
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 31 st 2019
Highlights
Indonesia's improving economic growth and supported by controlled national security stability has increased the interest of international investors to invest in Indonesia
Money Changer is integrated with the operations of the bank itself
The development of the economy and the community's need for exchange of foreign currency into cash and the need for the exchange of rupiah into foreign currency or foreign currencies has increased, the government through Bank Indonesia has made a policy to form a financial institution outside the bank in the form of Exchange Business Activities Non-Bank Foreign Currency abbreviated as KUPVA-BB or as we know it as Money Changer
Summary
Indonesia's improving economic growth and supported by controlled national security stability has increased the interest of international investors to invest in Indonesia. The arrival of the person, with various interests, urgently needs the availability of a currency exchange facility or money changer. Money Changer is integrated with the operations of the bank itself. Money Changer in the bank is still operating. The development of the economy and the community's need for exchange of foreign currency into cash and the need for the exchange of rupiah into foreign currency or foreign currencies has increased, the government through Bank Indonesia has made a policy to form a financial institution outside the bank in the form of Exchange Business Activities Non-Bank Foreign Currency abbreviated as KUPVA-BB or as we know it as Money Changer. The existence of Money Changer is currently in two institutions, namely bank institutions, and nonbank institutions
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