{
    "success": true,
    "data": {
        "id": 1659691,
        "msgid": "ojk-shuts-down-953-illegal-online-lenders-in-q1-2026-1775620402",
        "date": "2026-04-06 22:58:01",
        "title": "OJK shuts down 953 illegal online lenders in Q1 2026",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Regulation",
        "summary": "In the first quarter of 2026, Indonesia's Financial Services Authority (OJK) shut down 953 illegal online lending entities in response to 10,516 public complaints, which also covered illegal investments and pawnshops. The authority, through the PASTI Task Force and the Indonesia Anti-Scam Center, blocked 460,270 scam-linked bank accounts preserving Rp585.4 billion in victim funds and coordinated with the Ministry of Communication and Digital Affairs to block 94,294 fraudulent phone numbers. Additionally, OJK imposed sanctions on 31 financial providers, including warnings, instructions, and fines, underscoring its commitment to consumer protection and market integrity in the digital finance sector.",
        "content": "<p>During a press conference in Jakarta on Monday, OJK\u2019s Executive Head\nof Market Conduct Supervision, Education, and Consumer Protection, Dicky\nKartikoyono, explained that the move followed 10,516 complaints received\nbetween January and March 2026.<\/p>\n<p>He detailed that the complaints included 8,515 reports on illegal\nonline loans, 1,933 related to illegal investments, and 68 concerning\nillegal pawnshops.<\/p>\n<p>\u201cThe Task Force for Eradicating Illegal Financial Activities (PASTI\nTask Force) followed up on these reports by immediately shutting down\n953 illegal online lending entities,\u201d Kartikoyono stated.<\/p>\n<p>In addition, the OJK also blocked illegal investment offers on\nseveral websites and applications that had the potential to harm the\npublic.<\/p>\n<p>Furthermore, through the Indonesia Anti-Scam Center (IASC), the\nauthority has blocked 460,270 bank accounts linked to scams. The number\nwas an accumulation from records since the center started operations in\nNovember 2024 until March 2026.<\/p>\n<p>\u201cThe number of accounts that have been blocked reached 460,270, with\nthe frozen funds belonging to victims amounting to Rp585.4 billion\n(US$34.3 million),\u201d he explained.<\/p>\n<p>The PASTI Task Force is also monitoring fraud reports submitted to\nthe IASC.<\/p>\n<p>In the process, the task force coordinated with the Ministry of\nCommunication and Digital Affairs to block 94,294 phone numbers linked\nto fraudulent activities. Moving forward, these efforts will be further\nbolstered through closer collaboration with telecommunications\ncompanies.<\/p>\n<p>Regarding enforcement and consumer protection, the OJK has imposed\nvarious sanctions on financial service providers from January 1, 2026,\nthrough the end of March 2026.<\/p>\n<p>These sanctions include 33 written warnings issued to 31 providers,\nthree written instructions to three providers, and 15 fines imposed on\n13 providers.<\/p>\n<p>Furthermore, in terms of market conduct supervision, the authority\nhas issued 17 administrative sanctions in the form of written warnings\nand 11 administrative sanctions in the form of fines.<\/p>\n<p>Related news: Online lending regulation must prioritize people\u2019s\nprotection: DPR<\/p>\n<p>Related news: Digital finance innovation arranged to protect\nconsumers: OJK<\/p>\n<p>Related news: 155 illegal fintechs stop operations as of May: OJK<\/p>\n<p>Translator: Imamatul Silfia, Raka Adji<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-shuts-down-953-illegal-online-lenders-in-q1-2026-1775620402",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}