Legal Protection for Deposit Customers Who Are Not Recorded after BPR’s Business License Is Revoked
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2024, Vol 7, Issue 06
Abstract
Third-party fund collectors by Rural Banks (BPR) using a pick-up service system bear the risk of internal bank misconduct leading to the omission of customer deposits in the BPR's records. The research method employed is normative research aimed at understanding the prudence principle in fund collection and legal protection for depositors. The research benefits society by enhancing their understanding of their rights as depositors in BPR. The discussion results indicate that customer identification principles Know Your Customer (KYC) embody the prudence principle in fund collection. The Financial Services Authority (OJK) mandates that BPR be accountable for customers harmed by internal misconduct. However, after liquidation, the Deposit Insurance Corporation (LPS) does not guarantee these affected customers. In conclusion, there is a legal vacuum in protecting depositors post-BPR liquidation. The lack of legal certainty in fund collection through pick-up service leads to compensatory relationships between customers and bank staff. Recommendations include amending LPS regulations to provide legal protection for affected bank customers and enhancing supervision in third-party fund collection.
Authors and Affiliations
Kadek Wenten , Johannes Ibrahim Kosasih , I Made Arjaya ,
Keywords
Related Articles
- EP ID EP738971
- DOI 10.47191/ijmra/v7-i06-73
- Views 40
- Downloads 0
Pedagogical Practices of Hospitality Management Faculty Members
This research aimed to find out how the Hospitality Management Faculty Members of Lyceum of the Philippines University and University of Santo Tomas are perceived by their students in terms of knowledge, skills, attitude...
The Effectiveness of Yoga Exercise on Muscle Strength in the Elderly
The increasing number of elderly people in Indonesia also increases the risk of degenerative diseases. In the elderly, it will bring about a complete change in their physique related to the decreased ability of body tiss...
The Relationship between Pre-service Teacher’s Motivation in Teaching, Readiness as a Professional Teacher, and Self-efficacy in ICT Development
This correlational study aims to examine pre-service teacher’s motivation in teaching, readiness as a professional teacher, and self-efficacy in ICT development. It examines the dimensions among pre-service teacher’s mot...
Changes in the Agreement Clause between the Parties in the Insurance Policy That Has an Impact on Losses Reviewed From the Perspective of Legal Sociology
Insurance is an agreement that has been mutually agreed upon between the insurer (insurance company) and the insured (someone who buys insurance services), where in the agreement the insured must pay a certain amount of...
Body Posture Criteria in Receiving Ball Technique Based on Body Height Indoor Hockey Player
The purpose of this research is to acknowledge body stance in receiving ball technique. Indoor hockey is a sport with high intensity. Indoor hockey has some basic techniques, one of them is receiving ball technique. Auth...