Executive Summary

Key insights and market outlook

The Financial Services Authority (OJK) has intensified its efforts to combat financial scams, blocking 776 illegal financial entities in 2025, including 69 illegal investment activities using AI-based fraud techniques ⁵

. The total loss due to scams reached Rp7.8 trillion between November 2024 and November 2025, with 343,402 reported cases and 106,222 blocked accounts ². OJK continues to coordinate with law enforcement and other agencies to address these issues.

Full Analysis

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Deep Dive Analysis

OJK Intensifies Fight Against Financial Scams and Illegal Entities

Comprehensive Crackdown on Financial Fraud

The Financial Services Authority (OJK) has significantly ramped up its efforts to combat financial scams and illegal financial activities in Indonesia. Through its Task Force for Eradic financial practices (Satgas PASTI), OJK has blocked 776 illegal financial entities as of November 2025 ⁵

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Scope of Financial Scams

The scale of financial scams in Indonesia remains alarming. Between November 2024 and November 2025, the Indonesia Anti-Scam Centre (IASC), initiated by OJK, reported 343,402 cases of suspected fraud, resulting in total losses of Rp7.8 trillion ²

. The IASC managed to block 106,222 accounts associated with these fraudulent activities, with Rp386.5 billion in funds successfully frozen ².

Use of Advanced Technology in Scams

OJK has particularly highlighted the growing concern of financial scams utilizing advanced technologies such as Artificial Intelligence (AI). Criminals are leveraging AI for sophisticated fraud techniques, including voice cloning and deepfake technology, to create convincing fake identities and deceive victims ⁵

. The Task Force has identified and blocked 69 illegal investment activities using such AI-based methods ⁵.

Regulatory Actions and Coordination

In response to these challenges, OJK has taken decisive regulatory actions. In October 2025 alone, OJK imposed administrative sanctions on 25 fintech lending platforms for various violations ¹

. The regulator continues to strengthen its coordination with law enforcement agencies and other relevant bodies to enhance its enforcement capabilities.

Industry Status and Consumer Protection

Despite these challenges, the overall health of the fintech lending industry shows positive signs. As of September 2025, the default rate (TWP90) remained stable at 2.82%, indicating effective risk management by licensed lenders ¹