Abstract
This research is important to examine the concept of beneficial ownership in the context of cooperatives in the Indonesian legal system, where this concept only exists in the limited liability company regime. This study uses normative legal methods with a legislative approach, a conceptual approach, and a comparative approach. The findings of this study show that the concept of beneficial ownership reporting in Indonesia does not clearly regulate the cooperative sector, and in comparison with the European Union, Germany, France, and Japan, which already regulate this matter in detail. This study looks at the concept of beneficial ownership reporting compared to 3 (three) countries, where the concept and reporting procedures are more clearly regulated in those countries. Furthermore, this shows the existence of legal certainty for beneficial ownership reporting in Indonesia in the cooperative sector and must defend the right of data privacy, but only the government must know the beneficial ownership, not the public. This study compares the concept of beneficial ownership and finds the ideal concept for the cooperative realm in Indonesia.