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Unravelling Financial Wrongdoing: A Regulatory Perspective on Crimes in the Indonesian Capital Market

IJCLS (Indonesian Journal of Criminal Law Studies) · Vol. 8 No. 2 (2023) · pp. 165–186

DOI
10.15294/ijcls.v8i2.36737
ISSN
2548-1576, 2548-1568
Published
2023-11-30
Publisher
Universitas Negeri Semarang
Language
eng
License
creativecommons.org/licenses/by/4.0

Abstract

The perpetration of offenses within the Indonesian capital market poses a multifaceted challenge, intricately tied to the complexities of evidentiary establishment and legal pursuit within judicial contexts. This research investigates the pivotal role of Indonesia's capital market in its economic development, analyzing the impact of regulatory evolution from BAPEPAM to OJK. It aims to assess the efficacy of stringent regulatory frameworks in maintaining market integrity and bolstering investor confidence, while ensuring legal consequences for transgressors. Employing normative research methods, the study meticulously analyzes statutory regulations and normative constructs governing the capital market, confirming its critical role in national economic well-being and advancement. The transition from BAPEPAM to OJK underscores the dynamic nature of financial markets and underscores the imperative of preserving investor confidence and market integrity. Indonesia's capital market operates within robust regulatory frameworks designed to uphold transparency in securities trading and safeguard investor interests, with explicit prohibitions against fraud, market manipulation, insider trading, and record tampering. These measures underscore Indonesia's unwavering commitment to fostering trust and integrity within its capital market industry, imposing substantive legal consequences on offenders.

Keywords

Collaboration network of the authors

18 authors · 39 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Syiah Kuala
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Andi Agus SalimAffiliation unknown2
Mohammad Hazyar ArumbinangAffiliation unknown2
Yordan GunawanAffiliation unknown2
Ming Hsi SungAffiliation unknown2
Dwilani IrryntaAffiliation unknown2
Usman UsmanUniversitas Syiah Kuala1
Elly SudartiAffiliation unknown1
Riana Devi LestariAffiliation unknown1
Shelvi RusdianaAffiliation unknown1
Ampuan SitumeangAffiliation unknown1
Windi AfdalAffiliation unknown1
Winsherly TanAffiliation unknown1
Muhammad Khaeruddin HamsinAffiliation unknown1
Hilda LutfianiAffiliation unknown1
Abdul HalimAffiliation unknown1
Wan Nurainun Najwa SulaimanAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/ijcls/oai, first harvested 5 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Unravelling Financial Wrongdoing: A Regulatory Perspective on Crimes in the Indonesian Capital Market</dc:title>
	<dc:creator xml:lang="en">Anggriawan, Rizaldy</dc:creator>
	<dc:creator xml:lang="en">Susila, Muh. Endriyo</dc:creator>
	<dc:subject xml:lang="en">Capital Market, Financial Crime, Financial Watchdog, Regulatory Framework</dc:subject>
	<dc:description xml:lang="en">The perpetration of offenses within the Indonesian capital market poses a multifaceted challenge, intricately tied to the complexities of evidentiary establishment and legal pursuit within judicial contexts. This research investigates the pivotal role of Indonesia's capital market in its economic development, analyzing the impact of regulatory evolution from BAPEPAM to OJK. It aims to assess the efficacy of stringent regulatory frameworks in maintaining market integrity and bolstering investor confidence, while ensuring legal consequences for transgressors. Employing normative research methods, the study meticulously analyzes statutory regulations and normative constructs governing the capital market, confirming its critical role in national economic well-being and advancement. The transition from BAPEPAM to OJK underscores the dynamic nature of financial markets and underscores the imperative of preserving investor confidence and market integrity. Indonesia's capital market operates within robust regulatory frameworks designed to uphold transparency in securities trading and safeguard investor interests, with explicit prohibitions against fraud, market manipulation, insider trading, and record tampering. These measures underscore Indonesia's unwavering commitment to fostering trust and integrity within its capital market industry, imposing substantive legal consequences on offenders.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2023-11-30</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/ijcls/article/view/36737</dc:identifier>
	<dc:identifier>10.15294/ijcls.v8i2.36737</dc:identifier>
	<dc:source xml:lang="en">IJCLS (Indonesian Journal of Criminal Law Studies); Vol. 8 No. 2 (2023): Indonesia J. Crim. L. Studies (November, 2023); 165-186</dc:source>
	<dc:source>2548-1576</dc:source>
	<dc:source>2548-1568</dc:source>
	<dc:source>10.15294/jq1qem51</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/ijcls/article/view/36737/7079</dc:relation>
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