The Role of Notaries and PPAT in the Implementation of Anti-Money Laundering Programs Based on the Precautionary Principle

Abstract

Notary and PPAT professions are general officials appointed by the Government based on competence and integrity to carry out their duties and responsibilities to serve the community. In carrying out their duties and responsibilities, Notaries and PPAT are required to guide Law Number 30 of 2004 as amended by Law Number 2 of 2014 concerning Notary Positions and Government Regulation Number 37 of 1998 as amended by Government Regulation Number 24 of 2016 concerning the Position of Land Deed Making Officers. The rise of money laundering motives has an impact that can harm the Notary and PPAT professions, considering that Notaries and PPAT are tasked with making authentic deeds which are the strongest evidence. So that the Notary and PPAT professions can be used by perpetrators of money laundering crimes to help disguise the origin of the results of previous crimes. With that, the author will describe the urgency of the role of Notaries and PPAT in implementing anti-money laundering programs; and how to apply the precautionary principle that needs to be done by Notaries and PPAT in determining risk assessments for clients.

Keywords

• Precautionary Principle, Notary and PPAT, Money Laundering, Money Laundering Program, Reporting Party