MAKASSAR - The chairman of the Financial Services Authority Investment Alert Task Force (SWI OJK), Tongam L Tobing, said three main things to track investments so as not to get caught up in fraudulent investments.
"There are three things that need to be tracked before investing, namely whether the institution has a permit or is registered with the OJK, has an official platform and an institutional account, not an individual," Tongam said at a virtual meeting discussing vigilance against fraudulent investments. .
He said that many cases of fraudulent investment fraud were due to the low level of public literacy related to investment in the field.
This condition causes significant losses among the community.
As an illustration, the public's losses in the last 10 years due to fraudulent investments reached Rp. 117.4 trillion.
To minimize these fraudulent investment practices, apart from reporting for legal action, since 2020 OJK and partners have been increasing education to the public.
"With more and more people being educated about financial service products and knowing the characteristics of illegal investments, we believe that the number of people who will suffer losses will be lower," he said.
Therefore, even though there are many offers, if literacy is strong, then the community's losses can be minimized.
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