OJK Highlights Challenges in Fraud Reporting and Recovery

Significant Delay in Reporting Financial Scams

The Financial Services Authority (OJK) has revealed that victims of financial scams in Indonesia typically wait an average of 12 hours before reporting the incident to the Indonesia Anti Scam Center (IASC). This delay is significantly longer compared to other countries where reporting occurs within 15 to 20 minutes after the fraud is detected.

Importance of Timely Reporting

Friderica Widyasari Dewi, Head of Consumer Protection at OJK, emphasized that the success of fund blocking and recovery operations heavily depends on the speed of reporting. The longer the delay, the more challenging it becomes to recover the lost funds. According to Friderica, one of the reasons for the delay is that victims often don't immediately realize they've been scammed.

Comparative Analysis with Other Countries

The OJK official highlighted that international best practices show much quicker response times. In other countries, victims typically report scams within 15 to 20 minutes of occurrence. This rapid response enables more effective action against fraudulent activities.

Challenges in the Indonesian Context

The 12-hour average delay in Indonesia presents a significant challenge for authorities. OJK is working to educate the public about the importance of immediate reporting to minimize losses. The authority is also collaborating with various stakeholders to enhance their anti-fraud mechanisms and improve response times.