OJK Intensifies Crackdown on Illegal Financial Entities

Significant Enforcement Action

The Financial Services Authority (OJK) in collaboration with Satgas PASTI has taken decisive action against illegal financial activities in Indonesia. Between January 1, 2025, and November 30, 2025, the authorities have successfully shut down 2,617 illegal financial entities. This enforcement action demonstrates OJK's commitment to protecting consumers and maintaining financial system integrity.

Breakdown of Illegal Entities

The 2,617 entities include 354 illegal investment schemes and 2,263 illegal online lending platforms. These operations were conducted through various websites and applications that posed significant risks to consumers. The crackdown reflects OJK's proactive approach to addressing the evolving landscape of financial crimes.

Historical Context and Impact

Since 2017, OJK has blocked a total of 14,006 illegal entities, with the majority being 11,873 illegal online lending platforms and 1,882 illegal investment schemes. This comprehensive enforcement action underscores OJK's ongoing efforts to safeguard the financial sector and protect consumers from predatory practices. The authority continues to monitor the financial services landscape closely, adapting its strategies to address emerging threats.