Initiation of Child Protection from Sexual Exploitation Crimes by Financial Service Providers

DOI

10.2991/978-2-38476-325-2_10How to use a DOI?

Keywords

Financial Service Providers; Child sexual exploitation; Victims of sexual exploitation; payment for content; E-Wallet

Abstract

Current advances in financial technology really help everyone who wants to make transactions quickly to complete the payments they make. The development of financial service providers or PJK is one of the causes of this fast transaction, but this technological progress is also exploited by perpetrators of child sexual exploitation crimes everywhere, they also use financial service providers to facilitate the crimes they commit. The Financial Transaction Reports and Analysis Center (PPATK) also discovered financial transactions amounting to IDR 114 billion related to criminal acts of human trafficking (TPPO) and child pornography in 2022. PPATK’s tracking was successfully uncovered through banking transaction activities. PPATK stated that many child pornography perpetrators use digital wallets/e-wallets to pay for content. There is a need for involvement from financial service providers to help prevent this from continuing to happen. Perpetrators of child sexual exploitation have used financial institutions to carry out financial transactions. Financial institutions are deliberately used to disguise the origin of the money. Apart from that, with the increasing development of information and technology, online transactions are also carried out. Banking financial institutions are no longer used, these criminal actors use payment methods that utilize non-bank financial institutions, for example Western Union, transactions via T-cash, or other financial transactions that cannot be monitored by PPATK, for example digital wallets. It is necessary to encourage financial service providers to carry out regular audits and reviews of profiling and transaction monitoring programs, financial service providers can identify and stop financial transactions related to sexual exploitation of children.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Rio Hendra
PY  - 2024
DA  - 2024/12/19
TI  - Initiation of Child Protection from Sexual Exploitation Crimes by Financial Service Providers
BT  - Proceedings of the ASEAN Conference on Sexual Exploitation of Children (ACOSEC 2024)
PB  - Atlantis Press
SP  - 85
EP  - 91
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-325-2_10
DO  - 10.2991/978-2-38476-325-2_10
ID  - Hendra2024
ER  -