Senin, 03 Juli 2023

The Indonesian People Lose IDR 5 Trillion Per Year due to Fraudulent Investments


Team of Hukumindo

Previously, the platform has talk about "Contoh Surat Pernyataan Tidak Dinyatakan Pailit", "45 Indonesian Citizens Become Victims of Scammer Companies in Laos", you may read also "How To Report Online Scammer Or Fraud To The Police In Indonesia" and on this occasion we will discuss about 'The Indonesian People Lose IDR 5 Trillion Per Year due to Fraudulent Investments'.

Illegal investment or fraudulent investment is still rampant. The Financial Services Authority (OJK) even said that public losses due to fraudulent investments have reached IDR 5 trillion in the last 8 years. "In that context, from 2017 to last month, the Investment Alert Task Force (SWI) under OJK coordination has closed more than 5,500 illegal investment and loan offers," said Chairman of the OJK Board of Commissioners Mahendra Siregar quoted from Antara, written Monday ( 26/6/2023).[1]

He said that in the future the OJK would continue to empower SWI by strengthening its mandate under the Financial Sector Development and Strengthening Law (UU P2SK) by carrying out cyber patrols and stopping illegal financial activities. At the same time, OJK will also participate in anti-money laundering, preventing the financing of terrorism, and preventing funding for the proliferation of weapons of mass destruction in the financial services sector by issuing OJK Regulation Number 8 of 2023. Based on the P2SK Law, OJK is also preparing to implement the expansion of OJK's mandate where later OJK will also oversee and regulate activities related to savings and loan cooperatives and digital asset transactions that were not previously supervised by OJK.[2]

Cyber-attacks in the financial services sector, which continue to increase in line with developments in digitization, are also being anticipated by the OJK. As noted by the National Cyber ​​and Crypto Agency (BSSN), in 2022 more than 700 million cyber attacks occurred in all sectors in Indonesia. "In the regulatory context, the OJK issued rules at the end of last year regarding the implementation of technology and information by commercial banks and circulars related to cyber security and resilience for commercial banks. So today is how to apply these rules consistently," he said.[3] And if you have any legal issue in Indonesia territory, contact us then, feel free in 24 hour, we will be happy to assist you. 

*) For further information please contact:
Mahmud Kusuma Advocate
Law Office
Jakarta - Indonesia.


1. "Mengerikan! Masyarakat Rugi Rp 5 Triliun Per Tahun Gegara Investasi Bodong",, Diakses pada tanggal 27 Juni 2023, Link:
2. Ibid.
3. Ibid.

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