Indonesia

Cloud & Infrastructure

OJK Launches Integrated Licensing System for Fintech Sector

By Editors | 17/06/2024

The “SPRINT” application was developed to streamline and integrate licensing processes for the financial technology sector.

Liquidity Risk

Bank Indonesia Expands Incentives for Priority Sector Lending

By Editors | 03/06/2024

BI is providing larger discounts on reserve requirements to lenders that provide credit to certain sectors such as housing and green finance.

Supervision & Enforcement

OJK Indonesia Launches Roadmap to Strengthen Rural Banks

By Editors | 21/05/2024

The main focus will be on strengthening capital, accelerating consolidation, and strengthening governance practices, OJK said.

Fraud, Scams & Cybercrime

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

By Editors | 19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

Payments & Settlements

Indonesia, UAE Agree on Local Currency Settlement Framework

By Editors | 11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

Trading & Investment

Indonesia OJK Issues New Short Selling Regulations

By Editors | 03/05/2024

OJK said the regulations will ensure robust risk management and regulatory compliance by securities companies.

Conduct, Culture & Accountability

US PCAOB Penalises KPMG, Deloitte for Exam Cheating

By Nithya Subramanian | 11/04/2024

KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.

Anti-Money Laundering

Indonesian President Signs Decree on FATF Membership

By Editors | 09/04/2024

The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.

Cryptocurrency

Indonesia’s Crypto Approval Process Will Require Sandbox Testing

By Editors | 04/04/2024

The requirement for crypto firms to be evaluated in a regulatory sandbox prior to authorisation is intended to ensure consumers are protected.