Indonesia's Financial Services Authority (OJK) has signed a cooperation agreement with the Directorate General of General Legal Administration (AHU) at the Ministry of Law to provide, exchange and use data and information to support both bodies’ statutory tasks, including licensing and supervision. The agreement, signed on 16 July 2025, follows a memorandum of understanding between OJK and the Ministry of Law concluded on 24 January 2025. The data exchange is intended to support implementation of the Fiduciary Guarantee Law (Law No. 42 of 1999), under which OJK requires fiduciary guarantees in financing agreements to be registered with the fiduciary registration office, and is framed as enabling more effective supervision of that registration obligation. It also links to beneficial ownership objectives under Presidential Regulation No. 13 of 2018 for anti-money laundering and counter-terrorism financing, and to the 2025–2026 National Strategy for Corruption Eradication via integration and verification of beneficial ownership data to improve the validity of legal entity profile information used in licensing and supervision.
OJK 2025-07-24
Indonesia's Financial Services Authority signs data exchange cooperation agreement with the Ministry of Law’s AHU Directorate General
Indonesia's Financial Services Authority (OJK) signed an agreement with the Directorate General of General Legal Administration to exchange data for licensing and supervision. This aims to enhance the Fiduciary Guarantee Law, improve beneficial ownership data for anti-money laundering and counter-terrorism financing, and support the National Strategy for Corruption Eradication by integrating and verifying legal entity profiles.