Disclosure Methods of Beneficial Ownership by Notaries in Money Laundering Crimes: A Case Study

Ernie Yuliati, Rochman Achwan, Vinitas Susanti

Universitas Indonesia

Money laundering often occurs alongside corruption. Although qualitatively distinct, the two crimes remain closely connected. Perpetrators use money laundering as a method to conceal the proceeds of corruption. This study focuses on the role of notaries in preventing money laundering through the disclosure of corporate beneficial ownership. The researchers applied a qualitative case study method. The findings reveal that money laundering networks position beneficial owners as the main actors who control other participants within corporations, personal relationships, and professional intermediaries such as accountants, lawyers, and notaries. This study supports white-collar crime theory and money laundering network theory by highlighting Politically Exposed Persons (PEPs) as beneficial owners who use corporations as vehicles for laundering illicit funds

Article link: https://www.asianinstituteofresearch.org/lhqrarchives/disclosure-methods-of-beneficial-ownership-by-notaries-in-money-laundering-crimes%3A-a-case-study