JAKARTA - The Financial Services Authority (OJK) Investment Alert Task Force found 86 illegal peer to peer lending platforms and 26 unlicensed business activities that have the potential to harm the public.
The head of the Investment Alert Task Force Tongam Lumban Tobing said that his party asked the public to be more aware of offers from fintech lending entities and illegal investments that take advantage of the momentum ahead of Eid.
"Fintech lending and illegal investment offers are still emerging in the community. Towards Lebaran, with the increasing needs of the community, community vigilance must be increased so as not to become victims, ”he said in an official statement, Wednesday, May 5.
Tongam added, OJK always tries to remind the public that before taking advantage of fintech lending and trying to invest, they must understand the legality or license of the company and see the logic of the profit offering offered at a fair value.
"Moreover, before Lebaran, people will receive THR, so they are expected not to place the THR funds in illegal investment offers," he said.
In its operations, the Task Force also found that the activity of collecting contributions from the public with the Mutual Guard program from Kitabisa.com was suspected of being an insurance activity as referred to in Law No.40 of 2014 concerning Insurance, so it must obtain an insurance business license from the OJK.
Therefore, the Investment Alert Task Force together with the Kitabisa.com management have agreed to stop the Mutual Safeguard program activities before obtaining a license for insurance business activities from the OJK.
According to Tongam, the Investment Alert Task Force, which consists of 13 ministries and agencies, will continue to carry out routine cyber patrols.
To note, from 2018 to April 2021, the Task Force has closed 3,193 illegal fintech lenders.
Meanwhile, of the 26 illegal investment entities that were found in April, among them were money games, investing in cryptocurrencies without a license, administering payment systems without permits, financing without permits, and other financial activities.
The Investment Alert Task Force also said that one entity handled by the Task Force had obtained a business license, namely Snack Video, so that applications that had been blocked were normalized.
The following is a complete list of 26 fraudulent investments that are prohibited from operating in Indonesia by the OJK.
1. Lucky Best Coin (LBC)
2. GBHub Chain
3. The King of Coin
4. PT Trijaya Tirto Marto
5. PT Tanam Uang Indonesia
6. PT Medussa Multi Business Center
7. Kitabisa Keeping One Another (https://salingjaga. Bibisa.com/)
8. PT Pay Earn Indonesia (convertCASH)
9. Umrah Hajj Tubes Cooperative
10. Creative Trading System
11. Auto Trade Gold 4.0
12. Investments in Trust Funds
13. Magnipay - h5.Magnipay.com
14. BWTRADE - PT Semut Hitam Nusantara
15. PT Bintang Maha Wijaya
16. Indonesian Successful Traders
17. Trader King Pro
18. Volcanic Rock
19. XBIT (Crypto Mining)
20. https://thelikey.org
21. PT Dana Oil Konsorsium
22. Investment in NSI Shares
23. ARA HUNTER P
24. HJ Investment by telegram group @angara_syahputra, @erik_chandra
25. Syndication Group of Investors and Investment Banks
26. PT Saham Bibit Reksadana, PT Bibit Saham Reksadana, and PT Bibit Tumbuh Together with Mutual Funds
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