OJK Warns Against Illegal Account Trading, Original Owners Remain Liable If Used for Crime
Jakarta, VIVA – The Financial Services Authority (OJK) has affirmed that the buying and selling of bank accounts is an illegal and high-risk practice, given its potential use in criminal activities such as fraud and money laundering.
OJK Chief Executive of Banking Supervision Dian Ediana Rae stressed that such practices contravene prevailing laws and regulations as well as the principles of Anti-Money Laundering, Counter-Terrorism Financing, and Prevention of Proliferation Financing of Weapons of Mass Destruction (AML, CTF and PPWMD).
"OJK has set out strict regulations through POJK Number 8 of 2023 concerning the Implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Prevention of Proliferation Financing of Weapons of Mass Destruction Programmes in the Financial Services Sector," said Dian in a statement on Monday, 16 February 2026.
The regulation, he continued, ensures that prospective customers or existing customers who open businesses or conduct transactions act on their own behalf or in the interest of the Beneficial Owner, and requires Financial Service Providers (PJK) to apply strict Know Your Customer (KYC) principles, particularly in the implementation of Customer Due Diligence (CDD), transaction monitoring, and customer profiling.
He explained that based on the AML, CTF and PPWMD risk assessment with reference to the relevant OJK regulation, the authority continues to encourage banks to take follow-up action against account holders identified as having their accounts traded, including by restricting access to banking facilities.
OJK has urged the public not to engage in account trading practices in any form.
"Account holders remain legally responsible for every transaction that occurs on their accounts, including if they are used for criminal acts. OJK has requested the banking sector to continue enhancing various educational efforts to inform the public about the legal consequences of account trading practices," he emphasised.
Furthermore, he affirmed that OJK continues to coordinate with the Financial Transaction Reports and Analysis Centre (PPATK), the Ministry of Communications and Digital Affairs (Komdigi), law enforcement agencies and financial service providers through regular information exchanges in handling account misuse, in order to safeguard the integrity of the financial system and protect the public.
In addition, OJK has asked banks to continually strengthen the parameters used for early detection of account usage that does not comply with regulations, as well as to periodically conduct account oversight and update customer profiles as has been practised to date.
OJK Chief Executive of Banking Supervision Dian Ediana Rae stressed that such practices contravene prevailing laws and regulations as well as the principles of Anti-Money Laundering, Counter-Terrorism Financing, and Prevention of Proliferation Financing of Weapons of Mass Destruction (AML, CTF and PPWMD).
"OJK has set out strict regulations through POJK Number 8 of 2023 concerning the Implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Prevention of Proliferation Financing of Weapons of Mass Destruction Programmes in the Financial Services Sector," said Dian in a statement on Monday, 16 February 2026.
The regulation, he continued, ensures that prospective customers or existing customers who open businesses or conduct transactions act on their own behalf or in the interest of the Beneficial Owner, and requires Financial Service Providers (PJK) to apply strict Know Your Customer (KYC) principles, particularly in the implementation of Customer Due Diligence (CDD), transaction monitoring, and customer profiling.
He explained that based on the AML, CTF and PPWMD risk assessment with reference to the relevant OJK regulation, the authority continues to encourage banks to take follow-up action against account holders identified as having their accounts traded, including by restricting access to banking facilities.
OJK has urged the public not to engage in account trading practices in any form.
"Account holders remain legally responsible for every transaction that occurs on their accounts, including if they are used for criminal acts. OJK has requested the banking sector to continue enhancing various educational efforts to inform the public about the legal consequences of account trading practices," he emphasised.
Furthermore, he affirmed that OJK continues to coordinate with the Financial Transaction Reports and Analysis Centre (PPATK), the Ministry of Communications and Digital Affairs (Komdigi), law enforcement agencies and financial service providers through regular information exchanges in handling account misuse, in order to safeguard the integrity of the financial system and protect the public.
In addition, OJK has asked banks to continually strengthen the parameters used for early detection of account usage that does not comply with regulations, as well as to periodically conduct account oversight and update customer profiles as has been practised to date.