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Scholars Bulletin (SB)
Volume-5 | Issue-11 | 620-623
Subject Category: Economics and Finance
Analysis of the Implementation of Anti Money Laundering and Terrorism Funding Prevention Programs in PT Asuransi Jiwa X
Ezra Situmeang, Jan Hoesada
Published : Nov. 9, 2019
DOI : 10.36348/sb.2019.v05i11.003
Abstract
Money laundering is a phenomenon which undermines the country's economy and political stability. This phenomenon is a national and international concern. Put simply, this practice is the conversion of black money into white money. If done successfully, it will allow the perpetrators to maintain control of their results and ultimately provide legal protection for the sources of income of the perpetrators. Money laundering is playing a crime money to facilitate the ambitions of smugglers and terrorists. This research uses quantitative methods with descriptive analysis and primary data. The results of this study are that PT Asuransi Jiwa X already has and implements policies and procedures, Supervision conducted by the Board of Directors has been very effective and the company has a special work unit, has monitored and updated customers, reporting STR, has a list of terrorists and all employees new and existing ones have attended AML and CTF training and have been carried out by requesting information and supporting documents for prospective customers.
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