LEGAL PROTECTION OF CUSTOMERS/INVESTORS FROM FRAUD CRIMES COMMITTED BY INDIVIDUALS AND NON-BANK FINANCIAL INSTITUTIONS

  • Hadi Wicaksono Krisnadwipayana University
  • Siswantari Pratiwi Krisnadwipayana University
  • Saefulloh Krisnadwipayana University
Keywords: Legal Protection, Customers, Non-Bank Financial Institutions

Abstract

Illegal investment activities are carried out by collecting funds from the wider community by deviating or even avoiding banking regulations, which are activities that use public facilities to carry out their business activities. Thus, it is necessary to look at the authority that the Financial Services Authority has in providing protection for the public against Illegal Investment activities. The practice of moral hazard in Illegal Investment activities occurs because of the weak supervision system of financial institutions. Problem Formulation What are the factors that cause the crime of illegal investment fraud? What is the legal protection for customers of non-bank financial institutions who carry out collection activities without permission from Bank Indonesia and the OJK? The research method used is normative juridical, the results of this research are factors that cause the occurrence of criminal acts of illegal investment fraud, such as a lack of public awareness of the financial sector, especially legal investments, and the bad luck of those who seek high profits while ignoring the risks and legal protection for institutional customers. Non-Bank Finance Carrying Out Collection Activities Without Permission from Bank Indonesia and OJK Finance is a mechanism for legal protection of customers, namely by pursuing civil and general criminal charges.

Downloads

Download data is not yet available.

References

A Koetin, Capital Market Analysis (Jakarta: Sinar Harapan, 1993)

Arsil , Trapping Fraudulent Investments with Banking Crimes (Jakarta: Institute for Studies & Advocacy, 2013)

Budi Suharianto, Information Technology Crime (Cybercrime) , (Jakarta: PT Raja Grafindo Persada, 2021)

C. FG Sunaryati Hartono, Legal Research in Indonesia at the End of the 20th Century , Alumni, Bandung, 1994

Hermansyah, Indonesian National Banking Law , (Jakarta: Kencana Prenada Media Group, 2005)

Iqbal, Muhammad. "The Effectiveness of Law and Efforts to Prevent Hoaxes as a Negative Consequence to the Development of Human Interaction." Legal Literacy 3.2 (2019)

M. Irsan Nasruddin and Indra Surya, Legal Aspects of the Indonesian Capital Market , (Jakarta: Kencana, 2004)

Susanto, Muhammad Iqbal. "The Legal Position of People Power and Its Relevance to the Right to Freedom of Opinion in Indonesia." Volksgeist: Journal of Legal and Constitutional Studies 2.2 (2019)

Yosephus L. Sinuor, Business Ethics , (Jakarta: Indonesian Pustaka Obor Foundation, 2010)

Published
2024-06-29
How to Cite
Wicaksono, H., Pratiwi, S., & Saefulloh. (2024). LEGAL PROTECTION OF CUSTOMERS/INVESTORS FROM FRAUD CRIMES COMMITTED BY INDIVIDUALS AND NON-BANK FINANCIAL INSTITUTIONS. JILPR Journal Indonesia Law and Policy Review, 5(3), 539-543. https://doi.org/10.56371/jirpl.v5i3.278