Task Force PASTI Halts 2 Fraudulent Investment Entities
The Task Force for Combating Illegal Financial Activities (Satgas PASTI) has halted the operations of two entities suspected of perpetrating fraud. These entities are AMG Pantheon and Mbastack Periklanan Kreatif Terbatas (MBA).
The modus operandi of both companies involved impersonation or misuse of foreign company names that hold official licences.
According to a Satgas PASTI press release dated 23 February 2026, AMG Pantheon allegedly mimicked Pantheon Ventures, an international investment advisory firm licensed in the United States, Singapore, and Japan.
Pantheon Ventures confirmed that they do not engage in cryptocurrency asset trading in Indonesia and have no relationship with AMG Pantheon.
Clarification and verification findings revealed that AMG Pantheon in Indonesia operated a fraud scheme through an application offering fictitious daily trading activities.
Additionally, this entity conducted business operations that did not conform with licences from the Ministry of Investment and Downstream/BKPM and was not registered as an Electronic System Operator (PSE) with the Ministry of Communications and Digital.
In practice, members were directed to open accounts with registered Digital Financial Asset Traders (PAKD) in Indonesia and make deposits to purchase USDT (USD Tether).
These funds were subsequently transferred to digital wallets owned by AMG Pantheon. Thereafter, members were required to register on an application distributed by leaders to engage in purportedly fictitious daily trading activities.
Satgas PASTI also halted the operations of Mbastack Periklanan Kreatif Terbatas (MBA) for allegedly impersonating MBAStack Limited, a licensed advertising agency based in the United Kingdom.
Clarification showed that MBA had legitimacy as a sole proprietorship company based in Serang, Banten. However, its business operations did not align with the licence issued by the Ministry of Investment and Downstream/BKPM and it was not registered as a PSE with the Ministry of Communications and Digital.
MBA operated a tiered member-get-member scheme indicative of fraud. Members were required to deposit funds to obtain bonuses through a recruitment system.
There was no genuine product being traded. Members were only tasked with conducting reviews of hotels and tourism destinations through an application.
Following these findings, Satgas PASTI has halted the operations of both entities and will undertake the blocking of access to related applications and links. The task force will also coordinate with law enforcement authorities for further enforcement action.