Abstract

Financial technology (fintech) has the potential to become a new means and threat to finance terrorism. This study aims to provide an analysis regarding the concrete role that can be played by financial technology in preventing the financing of terrorism. This is a normative legal research that uses statutory and conceptual approaches. The results of this study conclude that financial technology is related to and poses a new threat to financing terrorism, so that financial technology can play a role in preventing the financing of terrorism by implementing various actions that support anti-money laundering and combating the financing of terrorism, identify profiles of funders to develop principles of recognizing users of financial services and joined the Indonesian Joint Funding Fintech Association. This study concludes that there is a link between and the use and position of fintech as a new threat to terrorism financing. In this regard, it turns out that fintech can prevent the financing of terrorism by implementing various actions that have been stipulated in normative law as well as new forms of developing the role of fintech.

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