Politically exposed persons (PEPs): risks and mitigation
Purpose – The purpose of this paper is to consider the risks posed by politically exposed persons (PEPs) and explain the money laundering risk when entering into financial transactions and business relationships with PEPs. Risk mitigation by regulated entities and corruption prevention strategies are also outlined. To minimise money‐laundering risks associated with PEPs, legislation will need to adapt to deal with threats that organized criminals and terrorists seek to exploit. Future directions for research in relation to PEPs are also identified.Design/methodology/approach – An analysis of how regulated entities can reduce their risk of money laundering when entering into financial transactions and business relationships with PEPs is presented.Findings – It was found that there is a need to harmonise legally enforceable obligations targeting PEPs. PEP monitoring, arguably, should be extended to individuals holding prominent public functions in their own jurisdictions, individuals exercising functions no...
The Urgency to Prevent Illicit Political Party Fundraising Through the Anti-Money Laundering Regime in Indonesia

 
 
An election is a democratic process, which is both costly and cumbersome for anyone who wishes to participate. Existing practices, precisely in Indonesia, show that both political parties as well as candidates often need to raise funds to finance their campaign and/or their programs, as well as to ensure the sustainability of their political parties. The Indonesian law states various financial resources in which a political party can raise. Nevertheless, it does not set the limitations and restrictions, particularly on ways to identify and monitor where funds come from. Hence, there has been a fear that political parties may use this loophole to conduct money laundering. It is argued that while the money laundry regime can be used to prevent conspicuous practices related to political financing, a legal framework has yet to be designed and implemented. 
 
 

NUMBER OF TRIANGULATIONS OF A MÖBIUS STRIP
Consider a Möbius strip with n chosen points on its edge. A triangulation is a maximal collection of arcs among these points and cuts the strip into triangles. In this paper, we proved the number of all triangulations that one can obtain from a Möbius strip with n chosen points on its edge is given by 4n−1 + (2n−2 n−1 ) , then we made the connection with the number of clusters in the quasi-cluster algebra arising from the Möbius strip.