JAKARTA - The Financial Services Authority (OJK) found and blocked 206 illegal lending fintech in October 2020.
Songam L. Tobing, head of OJK's Investment Task Force, said that in addition to the 206 illegal fintech, 154 business entities were also found carrying out business activities without license or permit that could potentially harm customers. "We will continue to intensify cyber patrols so that we can find and block illegal fintech and illegal investment offers," he said.
According to him, the task force will routinely conduct cyber patrols to protect the public.
The 154 illegal business entities consist of 114 commodity futures trading entities, 2 cooperatives, 6 crypto assets, 8 money games, 3 activities that duplicate licensed business entities, and 21 other activities. (LK/AR)