PERMIT OBLIGATIONS AND THREAT OF CRIMINAL SANCTION FOR NON-BANK OR UNLICENSED MONEY CHANGER BUSINESS ACTIVITIES BEFORE EFFECTIVENESS OF LAW ON FINANCIAL SECTOR DEVELOPMENT AND STRENGTHENING OF 2023

The exchange of foreign currency to rupiah or vice versa in Indonesia can be carried out by the public commercial banks non - business entities commonly called as money changer non-bank traders. activities traders (KUPVA BB) general thrive areas which economy, tourism are growing and area that is being origin Indonesian workers working abroad. purpose writing this paper study legal basis regulation supervision KUPVA BB Indonesia, permit obligations from Bank well sanctions for breach non-permit Indonesia. research method used normative law doctrinal research. From result study, it obtained conclusion regulation, referring Law, Law on Foreign Exchange Traffic Regulation governing BB. There no criminal threat obligation obtain thereby make difficult eradication illegal currently.