JAKARTA - Chairman of the Task Force for Alert Investment Tongam Lumban Tobing said that the results of the Task Force's search in January have found 120 entities that conducted illegal peer to peer lending activities that are not registered with the OJK.
"Many illegal fintech peer to peer lending activities on websites, applications or offers via SMS are circulating. We always ask the public to be vigilant about utilizing the list of peer to peer lending registered in the OJK," said Tongam.
Previously, in 2019, the Investment Alert Task Force suspended the activities of 1494 illegal peer to peer lending activities. Total that has been handled by the Investment Alert Task Force since 2018 s.d. January 2020 are 2018 entities.
In addition to illegal peer to peer lending fintech activities, the Investment Alert Task Force also stopped 28 business activities that were suspected of carrying out business activities without the permission of the competent authority and the potential to harm the community. (LM)