Indonesia

Fraud, Scams & Cybercrime

OJK Indonesia Issues Regulation to Implement Anti-Fraud Strategy

By Manesh Samtani | 17/08/2024

Fraud detection systems must include whistleblowing policies and mechanisms, surprise audits, monitoring, and risk assessments of internal and external parties.

Supervision & Enforcement

OJK, HKMA Sign MOU to Expand Cooperation in Banking Supervision

By Editors | 16/08/2024

Indonesia’s OJK said it hopes to establish a supervisory college with the HKMA and enhance staff capacities at both regulators.

Credit Risk

OJK Indonesia Adds New Entity Types to Credit Score Database

By Nithya Subramanian | 13/08/2024

The OJK said debtor-related information will become more comprehensive with the inclusion of insurers, guarantee companies and P2P lenders.

Cryptocurrency

Indonesia’s OJK Unveils Roadmap for Fintech, Digital Asset Development

By Nithya Subramanian | 12/08/2024

The roadmap aims to enhance regulation, supervision, and industry growth through a phased approach, promoting financial stability and inclusion.

Fraud, Scams & Cybercrime

Indonesia to ‘Soft Launch’ Anti-Scam Centre This Month

By Manesh Samtani | 07/08/2024

In the initial stage, 15 banks will join the anti-scam centre directly, but in due course all banks in Indonesia will be required to participate.

CBDCs

Bank Indonesia Issues Five-Year Payment System Blueprint

By Editors | 06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.

Payments & Settlements

Indonesia, UAE Central Banks Enhance Payments Cooperation

By Sanday Chongo Kabange | 22/07/2024

BI and CBUAE will create a cross-border QR payment linkage that will use direct local currency exchange rate quotations from appointed dealer banks.

Reporting & Disclosures

ASEAN Exchanges to Pursue Four POCs to Improve Competitiveness

By Nithya Subramanian | 17/07/2024

The POCs focus on developing common data infrastructure, enhancing capacity building, and creating a marketplace for transition financing and ESG investment.

Payments & Settlements

Korea, Indonesia Sign Cross-border Payments MoU

By Editors | 16/07/2024

The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.