AML/CFT JOURNAL | PPATK 205 Vol. 1 No. 2 (June 2023), page. 205-219 Vol. 01 No. 02 (June 2023) ISSN: 2963-220X (p); 2964-626X (e) The Possibility of Implementing In-Rem Asset Forfeiture as an Asset Recovery Effort in Indonesia Desi Fitriyani 1 , Muthi’ah Maizaroh 2* 1 Postgraduate Faculty of Law, Universitas Indonesia, Jakarta, Indonesia 2 State Administrative Law Study Program, Faculty of Law, Universitas Hasanuddin, Makassar, Indonesia * Corresponding author: mutamzrh@icloud.com Keywords: Asset Recovery, In Rem Asset Forfeiture, Setting reformulation. Abstract Improving the method of asset confiscation to recover state losses is an urgent issue that needs to be addressed. The current approach, which relies on in-person procedures, presents numerous ongoing obstacles. Therefore, a breakthrough in asset confiscation is required, namely implementing in rem asset forfeiture. This paper explores the feasibility of adopting in-rem asset forfeiture in Indonesia while addressing the associated challenges. It is both descriptive and prescriptive, providing an analysis of how to establish a comprehensive regulatory framework to optimize asset confiscation. The research employs a normative juridical research method, focusing on the concept and legal policies on asset confiscation. The findings suggest the need to revamp the legal system governing asset confiscation in Indonesia by officially incorporating in rem asset forfeitures into positive law and achieving vertical and horizontal legal harmonization. To cite this article: Fitriyani, D., & Muthi’ah, M. 2023. The Possibility of Implementing In-Rem Asset Forfeiture as an Asset Recovery Effort in Indonesia. AML CFT Journal 1(2):xxx-xxx, https://doi.org/10.59593/amlcft.2023.v1i2.62 Introduction The lifeblood of crime is an expression used to describe how assets derived from criminal activities function as sustenance, enabling criminal acts to persist and thrive, particularly in cases involving economic motives. 1 Confiscating ill-gotten wealth serves as an effective means to dismantle criminal operations and proactively address economic-motivated offenses. 2 This study focuses on criminal acts driven by economic motives, which present complex challenges for law enforcement. The complexity arises due to the evolution of motives from traditional forms such as theft, fraud, and embezzlement to increasingly sophisticated methods. These crimes have resulted in significant financial losses for the state. Throughout 2022, there has been a noticeable surge in economic-motivated crimes. The graph below (Figure 1) provides 1 Khairul, Mahmul Siregar, dan Marlina, “Kewenangan PPATK Dalam Pencegahan dan Pemberantasan Tindak Pidana Pencucian Uang”, Mercatoria, Vol. 4, No. 1 (2011), hlm. 34. 2 Umumnya, tindak pidana ekonomi dapat dimaknai sebagai jenis delik dalam bidang ekonomi. Dimana delik ini dikerjakan melalaui sekumpulan orang-orang yang memiliki kecerdikan dan kedudukan yang esesnsial di suatu masyarakat atau bahkan di pekerjaannya.