Cooperating With The KPK, OJK Will Eradicate The Practice Of Bribe In The Financial Services Industry

Photo: Doc. OJK

JAKARTA - The Financial Services Authority (OJK) together with the Corruption Eradication Commission (KPK) have agreed to encourage the strengthening of the integrity of the Financial Services Industry through the implementation of the Anti-Bribery Management System (SMAP) in all sectors of financial services.

Chairman of the OJK Audit Board Sophia Wattimena said the integrity of the financial services industry is a pillar to realize public trust in the financial services sector.

According to him, the application of SMAP has been carried out voluntarily by several Financial Services Business Actors (PUJK) and has been running for two years.

"Hopefully, the implementation of these programs can create a culture of consistent integrity and the application of healthy governance, thereby increasing trust and efficiency in the financial services industry," he said in a press statement, quoted on Tuesday, November 22.

Meanwhile, the Deputy for Prevention and Monitoring of the KPK, Pahala Nainggolan, said that the implementation of SMAP in the financial services sector is expected to create business practices that are free from bribery (zero tolerance).

"We want to cultivate a culture of daring to refuse gratuities or bribes, not enough just to report. This is considered very important because if PUJK dares to refuse gratuities or bribes, it will create a healthy and efficient business competition environment, and this applies not only to the center but to the regions," said Pahala.

Furthermore, the meeting also discussed the possibility of implementing SMAP mandatedly to all PUJK.

The KPK provides input to OJK that the authority it has can provide encouragement through the preparation of policies, guidelines and providing facilities and assistance to PUJK in implementing SMAP.

The meeting was also attended by OJK officials from the banking sector, capital market, and non-bank financial industry (IKNB) to get an explanation regarding the application of anti-bribery and anti-fraud regulations that already exist in each sector.

It was stated that the OJK would continue to increase synergy with all stakeholders to support strengthening integrity in the financial services sector in maintaining public trust.