JAKARTA. The Financial Services Authority (OJK), through Task Force of Eradication of Illegal Finance Activities (Satgas Pasti), closed down 915 illegal financial institutions from January 1 until April 30, 2024.

Executive Head of Behavioural Supervisory of Financial Business, Education, and Consumer Protection of OJK, Friderica Widyasari Dewi, mentioned that OJK, along with Satgas Pasti, will continue to improve coordination in dealing with illegal online loans and investments. These illegal entities consist of 19 illegal investment companies and 896 illegal online loans.

From 2017 until April 2024, OJK has terminated total 9,064 illegal entities, encompassing illegal investment companies of 1,237 units, illegal loans of 7,576 units, and illegal pawnshops of 251 units. In terms of number of complaints, OJK has received 5,998 reports of illegal entities, starting from January 1 to April 25, 2024.

“These reports consist of 5,698 reports of illegal loans and 300 reports of illegal investment,” said Dewi in the release, quoted Tuesday (21/5).

Dewi then mentioned that OJK has held 655 financial education activities that have reached 682,645 participants nationally, from January 1 until April 30, 2024.

As of April 30, 2024, there have been 516 units of Regional Financial Access Acceleration Team (TPAKD) in 34 provinces and 482 cities. “In total, 93.48% of TPAKD have been established in provinces/cities,” Dewi concluded. (AM/ZH)