OJK Cracks Down on Financial Institutions for Reporting Violations

Administrative Penalties Imposed

The Financial Services Authority (OJK) has taken decisive action against financial institutions by imposing 111 administrative penalties between January 1, 2025, and November 30, 2025 ¹

. These penalties were issued due to violations related to the mandatory reporting of financial literacy and inclusion activities. The breakdown of these penalties includes 21 written warnings and 90 fines amounting to Rp 6.1 billion ¹

Source 1

https://keuangan.kontan.co.id/news/ojk-beri-111-sanksi-terkait-kewajiban-pelaporan-kegiatan-literasi-dan-inklusi

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Regulatory Framework

The reporting requirements are governed by OJK Regulation No. 22/2023, which focuses on consumer and community protection in the financial services sector. Financial institutions are mandated to submit reports on their literacy and inclusion activities, including the realization of these activities in the second half of 2024 and the first half of 2025, as well as their plans for 2025 ¹

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Additional Enforcement Actions

In a related development, OJK has also issued 157 written warnings to 130 financial institutions during the same period for other compliance-related issues ²

. This action underscores OJK's commitment to enforcing regulatory compliance and maintaining the integrity of the financial services industry.

Implications for Financial Institutions

These enforcement actions signal OJK's heightened scrutiny of financial institutions' compliance with regulatory requirements. Institutions must prioritize adherence to reporting obligations to avoid similar penalties. The focus on financial literacy and inclusion reporting highlights the importance of these aspects in the overall regulatory framework.