OJK DEFINITE Task Force Blocks 302 Loans And Illegal Private Loans

Senior Executive Analyst of the Behavior Supervision Specialist Group for Financial Services Business Actors (PUJK) Educated and Consumer Protection (EPK) EPK Hudiyanto when delivering to reporters at Media Update and Sharing Knowledge activities in Solo,. (ANTARA)

The Financial Services Authority (OJK) Illegal Financial Activity Eradication Task Force (Satgas PASTI) has blocked 302 illegal online loans and personal loan content (pinpri) during the September-October 2023 period.

Secretary of the OJK Task Force, Hudiyanto, detailed that his team had blocked 173 illegal lending entities on a number of websites and applications, as well as found 129 pinpri content that could potentially violate the provisions for the distribution of personal data.

"In addition to blocking illegal lending and borrowing entities, the DEFINITE Task Force also blocked account numbers, virtual account numbers and telephone numbers and WhatApp suspected perpetrators, to further protect the public," said Hudiyanto in Jakarta, Saturday.

Thus, from 2017 to 31 October 2023, the Task Force has suspended 7,502 illegal financial entities consisting of 1,196 illegal investment entities, 6,055 illegal or pinpri lending entities, and 251 illegal pawning entities.

Hudiyanto again reminded the public to be careful, vigilant and not use illegal loans or Pinpri because it has the potential to harm the community, including the risk of misuse of personal data from borrowers.

The PASTI Task Force currently consists of 14 parties from the authorities, ministries and related institutions, which are coordination forums to carry out the mandate of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK). The DEFINITE Task Force is tasked with preventing and handling business activities without permission in the financial sector.

Based on the provisions in the P2SK Law, it is stated that in the context of carrying out OJK's supervisory duties, it is authorized to order banks to block certain accounts.

The PASTI Task Force has found 47 bank accounts or virtual accounts reported related to illegal lending activities.

Hudiyanto explained that the PASTI Task Force had submitted a blocking to the bank supervisory work unit at the OJK to then order the relevant banks to block it.

"This effort is needed to further suppress the development of illegal loans in Indonesia," he explained.

In addition to blocking bank accounts or virtual accounts, the PASTI Task Force also found the billing number and WhatsApp (debt collectors) related to illegal loans reported to have threatened, intimidated or other actions that contradicted the provisions.

Following up on this, the DEFINITE Task Force has submitted a blocking of 362 phone numbers and WhatsApp to the Indonesian Ministry of Communication and Information (Kemenkominfo).

For this reason, the DEFINITE Task Force expects people who find investment offers or loans that are suspicious or suspected to be illegal, can report them to OJK contacts with telephone numbers 157, WA (081157157157), email: consumers @ojk.go.id or email: be wary of investing @ojk.go.id.