Kominfo Blocks 3,180 Pieces of Content Promoting Fraudulent Investments, with Illegal Forex Being the Most Prevalent

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Cindy Mutia Annur 11/03/2022 11:10 WIB

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The Ministry of Communication and Informatics has blocked access to 3,180 pieces of content related to illegal futures brokers, fraudulent or illegal investments, illegal forex, and binary options, up

Amount of Fraudulent Investment Content Blocked by the Ministry of Communication and Informatics (March 10, 2022)

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Kominfo Blocks 3,180 Pieces of Content Promoting Fraudulent Investments, with Illegal Forex Being the Most Prevalent

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Amount of Fraudulent Investment Content Blocked by the Ministry of Communication and Informatics (March 10, 2022)

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The Ministry of Communication and Informatics (Kemenkominfo) has blocked access to 3,180 fraudulent investment content items from 2016 to early March 2022.

The trend shows a continuous yearly increase in the number of fraudulent investment content items blocked by Kemenkominfo.

In 2016, 20 items were blocked. This increased to 103 in 2017 and continued to rise, reaching 1,222 in 2021.

As of March 10, 2022, 141 items have been blocked this year.

Overall, the most frequently blocked content type is illegal forex, with 1,167 items. This is followed by 961 illegal futures brokerage items, 843 illegal investment items, and 209 binary option items.

Kemenkominfo spokesperson Dedy Permadi affirmed that his institution is authorized to block access to investment content violating regulations if requested by authorized ministries and agencies.

The two agencies authorized to monitor investment platforms and content are the Ministry of Trade and the Financial Services Authority (OJK).

(Also read: Losses from Illegal Investments in Indonesia Reach Rp117 Trillion)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."