Potential criminal action in shadow banking practice

Nasyiah, Iffaty (2021) Potential criminal action in shadow banking practice. Presented at The International Conference on Engineering, Technology and Social Science (ICONETOS 2020), 31 Oct 2020, Malang.

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The industrial revolution 4.0 has a lot of influence, both socially, culturally, aspects of technology-information and others. Examples, in the information and technology aspects, such as trends in automation and data exchange. This includes cyber-physical systems, internet of things (IoT), cloud computing, and cognitive computing. In case, for examples are computational data storage, digital money, virtual money, ride-sharing transportation systems such as Go-Jek and Grab, shadow banking which includes financial technology and others. These benefits are also accompanied by negative aspects that urge to make clearer, firm and comprehensive rules. The most phenomenal thing in this industrial revolution is financial technology through shadow banking. The practice of shadow banking is felt to be strong enough that several parties have urged the government to enact regulations and legislation on shadow banking practices. Apart from the potential for an economic crisis, the practice of shadow banking can also lead to the potential for several criminal acts. This further strengthens the reasons for the formation of regulations regarding shadow banking, including its criminal aspect. The purpose of this paper is to describe the potential for criminal acts that occur due to the spread of shadow banking, especially illegal ones. This type of research is normative juridical with a statutory approach. The results of the study found the potential for criminal acts in banking, money laundering, double pledge, opening personal data (crackers), extortion and threats via the internet and insulting and defamation through the internet

Item Type: Conference (Paper)
Keywords: shadow banking; criminal acts in banking; money laundering; crackers; hacker; ITE
Subjects: 18 LAW AND LEGAL STUDIES > 1801 Law > 180110 Criminal Law and Procedure (incl. Islamic Criminal Law, Jinayat)
Divisions: Faculty of Sharia and Law > Department of Sharia Business Law
Depositing User: iffaty nasyiah
Date Deposited: 30 Jun 2021 09:12


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