Indonesia

Fraud, Scams & Cybercrime

Indonesian Crypto Exchange Indodax Suffers DPRK Hack

By Nithya Subramanian | 16/09/2024

Indonesia’s largest crypto exchange is facing losses of up to $20mn from a hack allegedly perpetrated by a North Korea-affiliated actor.

Anti-Bribery & Corruption

Hong Kong Signs Anti-Corruption MoUs with Maldives, Indonesia

By Editors | 13/09/2024

Cooperation between the ICAC and the anti-corruption agencies of Maldives and Indonesia will cover information exchange, training and other collaborations.

Cryptocurrency

Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report

By Nithya Subramanian | 10/09/2024

The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.

Anti-Money Laundering

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

By Editors | 05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

Credit Risk

OJK Indonesia Requiring Banks to Disclose Details on Loan Rates

By Nithya Subramanian | 04/09/2024

Effective from October 2024, the new rules aim to enhance transparency, boost competition, and protect borrowers from excessive fees.

Fraud, Scams & Cybercrime

Indonesia Blocks Online Gamblers from Accessing Financial Services

By Nithya Subramanian | 03/09/2024

Over 6,000 accounts have been blocked to prevent online gamblers from accessing financial services and “create a deterrent effect”.

Anti-Bribery & Corruption

Indonesia: IDX Dismisses Five Employees for IPO-related Bribery

By Nithya Subramanian | 03/09/2024

The OJK said it supports the “firm steps” taken by IDX in imposing sanctions on the violating parties.

Payments & Settlements

Indonesia, Korea Set to Implement Local Currency Framework

By Editors | 02/09/2024

14 Indonesian and 7 Korean banks have been appointed to handle transactions between the two countries using local currencies.

Operational Risk

OJK Indonesia Launches Digital Resilience Guide for Banks

By Nithya Subramanian | 26/08/2024

The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.