Financial Sector Law Enforcement

The financial sector plays a very significant role in driving a country's economic growth. Therefore, rules and law enforcement in financial sector activities must be able to create legal certainty.

During the 2019-2021 period, a total of 19,711 cases of financial services were reported to the Financial Services Authority (OJK) with 10,441 (52.97 percent) minor or moderate violation cases and 9,270 (47.03 percent) serious violations.

Fraud, credit or financing restructuring, allegations of data abuse, objections to installment bills and debt-collector behavior were the most common types of cases reported in the third quarter of 2021.