Task Force Stops Two Entities That Do Illegal Financial Activities

Chairman of the Secretariat of the OJK's Illegal Financial Activity Eradication Task Force (PASTI) Hudiyanto. (Photo: Doc. ANTARA)

JAKARTA - The Task Force for Eradicating Illegal Financial Activities (Satgas Pasti) has stopped the business activities of Bartle Bogle Hegarty (BBH) Indonesia and Smart Wallet which are indicated to have committed fraudulent activities and did not have a permit from the relevant authorities.

"The Task Force must conclude that the activities carried out by BBH Indonesia are fraudulent activities and carry out activities that are not in accordance with the permits it has as issued by the Ministry of Investment or the Investment Coordinating Board," said Secretary of the Task Force Pasti Hudiyanto as quoted by ANTARA, Monday, March 18.

Furthermore, the Task Force must have blocked access and links/URL, blocked the related account number, and coordinated with law enforcement officials.

Hudiyanto said that the Indonesian BBH entity or application that had been circulating in Indonesia used the name Bartle Bogle Hegarty (BBH), which is an advertising agency in the UK.

BBH Indonesia offers part-time work by downloading the applications that have been provided.BBH Indonesia promises daily income and then asks its members for deposits. BBH Indonesia implements a member-member system and promises tiered bonuses. BBH Indonesia also uses foreign national figures in meetings held to convince its members. Task Force Must urge the public to be aware of fraud with the most rampant mode of half-time job vacancies lately.

As of December 30, 2023, the Task Force must have found at least 12 entities that made part-time job offers with the deposit system.

Meanwhile, based on the results of an investigation conducted by the Commodity Futures Trading Supervisory Agency and the Directorate General of Domestic Trade of the Indonesian Ministry of Trade, Smart Wallet is considered to carry out fund raising activities under the guise of a trading/expert advisor robot with a multi-level marketing system and does not have a license to operate in Indonesia.

In this regard, the Commodity Futures Trading Supervisory Agency and the Directorate General of Domestic Trade of the Indonesian Ministry of Trade have blocked access and links/URL from Smart Wallet in collaboration with the Indonesian Ministry of Communication and Information. The Task Force will definitely take action, including blocking related account numbers and coordinating with law enforcement officials.

Eradication of illegal financial activities really requires support and participation from the community, in the form of an attitude of vigilance in accepting offers from irresponsible parties.