Optimizing the Recovery of Corrupt Assets from the Perspective of Economic Rights and Human Security in Indonesia
DOI:
https://doi.org/10.15575/kh.v7i2.44974Keywords:
Corrupt Asset Recovery, Replacement Money, Corruption, Criminal Law, Asset ConfiscationAbstract
This study aims to analyze the optimization of corrupt asset recovery in Indonesia through the revision of the replacement money policy. The current policy, which is regulated in Indonesia’s anti-corruption criminal law, often faces implementation challenges, such as difficulties in tracing and confiscating assets and the minimal amount of assets recovered compared to the total state losses. These weaknesses reduce the effectiveness of asset recovery and weaken the deterrent effect on corruption perpetrators. The research uses a normative legal method with a statutory and comparative approach. Legal provisions related to the replacement money policy in Indonesia are reviewed and compared with best practices from other countries that have implemented more effective asset recovery mechanisms, and the analysis also involves legal interpretation and evaluation of policy implementation in corruption cases. The results show that revising the replacement money policy is urgently needed to enhance the legal framework and enforcement mechanism. Strengthening the execution process, improving the clarity of confiscation procedures, and encouraging the use of digital tracing technologies and institutional collaboration can significantly increase the effectiveness of asset recovery. This policy reform is expected to provide a stronger deterrent effect, support transparency and accountability in law enforcement, and contribute to sustainable anti-corruption efforts in Indonesia.
References
Agustanti, R. D., Waluyo, B., & Kurniawan, A. P. (2023). Return of State Financial Losses Resulting From Corruption and Money Laundering Crimes. Jurnal Hukum Prasada, 10(2), 93–101.
Ali, M., Muliyono, A., Sanjaya, W., & Wibowo, A. (2022). Compensation and restitution for victims of crime in indonesia: Regulatory flaws, judicial response, and proposed solution. Cogent Social Sciences, 8(1), 2069910.
Andre Yosua, M., & Mulia, T. (2024). Juridical Analysis Of Proof Elements Harm State Finance In Criminal Actions Corruption In Indonesia. International Journal of Sociology and Law, 1(3), 1–19.
Arifin, R., Riyanto, S., & Putra, A. K. (2023). Collaborative efforts in ASEAN for global asset recovery frameworks to combat corruption in the digital era. Legality: Jurnal Ilmiah Hukum, 31(2), 329–343.
Barth, J. R., Caprio Jr, G., & Levine, R. (2004). Bank regulation and supervision: what works best? Journal of Financial Intermediation, 13(2), 205–248.
Cooley, A., & Sharman, J. C. (2017). Transnational corruption and the globalized individual. Perspectives on Politics, 15(3), 732–753.
Efendi, T. (2024). Effectiveness Of Implementing Sanctions In The Form Of Return To Parents And Supervision Of Children Perpetrator Of The Crime Of Theft. JILPR Journal Indonesia Law and Policy Review, 5(3), 472–492.
Hjelmeng, E. J., & Søreide, T. (2017). Bribes, crimes and law enforcement. European Business Law Review, 28(1).
Isra, S., Amsari, F., & Tegnan, H. (2017). Obstruction of justice in the effort to eradicate corruption in Indonesia. International Journal of Law, Crime and Justice, 51, 72–83.
Jacopo, C. (2024). The nexus between corruption and money laundering: deconstructing the Toledo-Odebrecht network in Peru. Trends in Organized Crime, 27(3), 342–363.
Janský, P., Palanská, T., & Palanský, M. (2022). Hide-seek-hide? The effects of financial secrecy on cross-border financial assets. World Institute for Developmen t Economic Research (UNU-WIDER).
Kofele-Kale, N. (2016). The international law of responsibility for economic crimes: holding state officials individually liable for acts of fraudulent enrichment. Routledge.
Kusuma, I. M. H. (2018). Inconsistency of the Regulation of Indemnity Payment as an Asset Recovery in Eradication of Corruption in Indonesia. International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2018), 45–48.
Lazor, O., Lazor, O., Zubar, I., Zabolotnyi, A., & Yunyk, I. (2024). The Impact of Digital Technologies on Ensuring Transparency and Minimising Corruption Risks among Public Authorities. Pakistan Journal of Criminology, 16(2).
Nasution, M. F. (2023). Return of Assets of the Criminal Action of Corruption and Some Problems in the Implementation. 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022), 758–769.
Negara, T. A. S. (2023). Normative legal research in Indonesia: Its originis and approaches. Audito Comparative Law Journal (ACLJ), 4(1), 1–9.
Nurferyanto, D., & Takahashi, Y. (2024). Establishing Boundaries to Combat Tax Crimes in Indonesia. Laws, 13(3), 29.
Oermann, M., & Ziebarth, L. (2015). Interpreting code–Adapting the methodology to analyze the normative contents of law for the analysis of technology. Computer Law & Security Review, 31(2), 257–267.
Olujobi, O. J. (2021). Recouping proceeds of corruption: is there any need to reverse extant trends by enacting civil forfeiture legal regime in Nigeria? Journal of Money Laundering Control, 24(4), 806–833.
Quah, J. S. T. (2015). Evaluating the effectiveness of anti-corruption agencies in five Asian countries: A comparative analysis. Asian Education and Development Studies, 4(1), 143–159.
Rahim, A. (2023). The Redefinition of Prosecution Power in Indonesia. 4th Annual Civic Education Conference (ACEC 2022), 3–11.
Rahman, A. M., & Husnul, M. (2024). Failure of Criminal Law in Recovering State Losses due to Criminal Acts of Corruption. PETITA, 9, 305.
Rumahorbo, M. H., Mahdewi, R., & Banjarani, D. R. (2022). The Role of Prosecutors in The Effort For Assets Recovery From Corruption Crimes. Ius Poenale, 3(2), 79–90.
Sharafutdinova, G., & Lokshin, M. (2021). Hide and Protect: The Role of Global Financial Secrecy in Shaping Domestic Institutions. Available at SSRN 3916216.
Sharman, J. C. (2017). Illicit global wealth chains after the financial crisis: Micro-states and an unusual suspect. Review of International Political Economy, 24(1), 30–55.
Syarafi, T., & Syahbandir, M. (2024). Confiscation of Corruption Asset in The Indonesian Legal System: A Study of Criminal Law in Aceh. Samarah: Jurnal Hukum Keluarga Dan Hukum Islam, 8(2), 665–686.
Wilson, I. D. (2015). The politics of protection rackets in post-New Order Indonesia: Coercive capital, authority and street politics. Routledge.
Wiratraman, H. P. (2019). The challenges of teaching comparative law and socio-legal studies at Indonesia’s law schools. Asian Journal of Comparative Law, 14(S1), S229–S244.
Yustiarini, D., & Soemardi, B. W. (2020). A review of corruption in public procurement in Indonesia. IOP Conference Series: Materials Science and Engineering, 849(1), 012013.
Zahrulyani, A., Santoso, M. I., Maksum, I. R., & Pratiwi, S. (2024). Normative construction of restorative justice implementation in accelerating state losses return in corruption crimes. Indonesian Journal of Multidisciplinary Science, 3(9).
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Ronald Hasudungan Sianturi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).