Indonesian Political, Business & Finance News

Archive: 19 June 2024

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Indonesian Agency Blocks 5,000 Bank Accounts Linked to Online Gambling; Trillions of Rupiah Channeled Overseas

Indonesia's financial intelligence agency (PPATK) has blocked approximately 5,000 bank accounts linked to online gambling that funneled over five trillion rupiah to 20 countries overseas, including several ASEAN nations. With 3.2 million Indonesians—including students and minors—participating in the illegal industry, President Joko Widodo has authorised a government task force to develop comprehensive enforcement and prevention strategies. The crackdown highlights the government's concern over o