Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, OJK) held the Governansi Insight Forum in Padang to promote a clean, accountable and integrity-based financial services sector, framing governance and integrity as prerequisites for sustainable economic growth and national economic stability. At the event, Audit Board Chair and OJK Board of Commissioners member Sophia Wattimena outlined OJK’s anti-fraud strategy built on four pillars (Assess, Prevent, Detect and Respond), which OJK applies internally and requires all financial services institutions (Lembaga Jasa Keuangan, LJK) to implement under OJK Regulation Number 12 of 2024 on Anti-Fraud Strategy. The forum also highlighted supervisory technology tools, including OJK Suptech Integrated Data Analytics (OSIDA) and the Financial Services Sector Actors Information System (SIPELAKU), aimed at earlier detection of anomalies and fraud actor track records. West Sumatra Governor Mahyeldi Ansharullah welcomed the initiative and linked it to strengthening governance, risk and compliance and integrity in regionally owned enterprises, while the forum was positioned as a joint step with local government, the Corruption Eradication Commission (KPK) and the Financial and Development Supervisory Agency (BPKP) to align actions against fraud and corruption in the region.
OJK 2025-11-04
Indonesia’s Financial Services Authority convenes Governansi Insight Forum and underscores mandatory anti-fraud strategy for financial services institutions
Indonesia’s Financial Services Authority (OJK) hosted the Governansi Insight Forum in Padang, emphasizing governance and integrity for economic growth. OJK Board member Sophia Wattimena detailed the anti-fraud strategy under OJK Regulation Number 12 of 2024, requiring financial institutions to implement measures across four pillars: Assess, Prevent, Detect, and Respond. The forum showcased supervisory technology tools like OSIDA and SIPELAKU for early fraud detection, with regional collaboration to combat fraud and corruption.