The Indonesia Financial Services Authority has outlined supervisory actions for PT Lunaria Annua Teknologi, which operates KoinP2P, following legal action by the Jakarta High Prosecutor's Office and the detention of the platform's management. OJK said it is intensively supervising KoinP2P, has summoned the shareholders to stress that responsibility for keeping the business operating remains with them, and expects operations and service to the public to continue in line with applicable rules. The case-specific measures include calling management and shareholders to secure commitments to resolve outstanding issues, especially obligations to lenders, conducting on-site inspections and a full review of operations, infrastructure, governance and business model, and carrying out a special examination or investigative audit. OJK will also closely monitor the settlement of lender obligations, the resolution of problem financing and other remedial steps, and may take compliance action and administrative sanctions against parties that breach rules or fail to meet commitments, including reassessing key parties. Separately, it reiterated broader supervision of the Pindar sector through POJK No. 40 of 2024, limits on the maximum economic benefit charged to borrowers, disbursement only to accounts in the borrower's name, stronger e-KYC and credit scoring, stronger internal controls to prevent fictitious transactions, mandatory website risk disclaimers, and enforcement measures up to licence revocation and referrals of suspected crimes to law enforcement.

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