Indonesian Financial Services Authority Blocks One Thousand Illegal Online Lenders During January-April 2025

The Financial Services Authority (OJK)'s Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) has blocked 1,123 illegal online loan entities from the beginning of the year to the end of April 2025.

During the same period, the OJK also stopped 209 illegal investment offers on various websites and applications that potentially harmed the public.

"Satgas PASTI has identified the contact numbers of illegal online loan debt collectors and has submitted a request to block 2,422 contact numbers to the Ministry of Communication and Digital," wrote the OJK in its press release on Friday (May 9, 2025).

In addition, the OJK's Satgas PASTI, together with banking and payment system industry associations, has formed the Indonesia Anti-Scam Centre (IASC).

From its commencement on November 22, 2024, to April 30, 2025, the IASC received 105,202 reports. The number of accounts related to fraud reported to the IASC reached 172,624 accounts, with 42,504 of them blocked.

Cumulatively, the total reported losses amounted to Rp2.1 trillion, and the total blocked funds reached Rp138.9 billion.

"The IASC will continue to enhance its capacity to accelerate the handling of fraud cases in the financial sector," wrote the OJK.