The Indonesia Financial Services Authority used the Australia-Indonesia Anti-Scam Workshop to deepen cross-border cooperation with Australian counterparts on tackling financial scams, presenting scams and fraud as a fast-moving cross-sector and cross-border threat to confidence in the financial system. In that context, it noted that scam and fraud reports in Indonesia’s financial services sector have risen sharply to more than 530,000 cases in a relatively short period and said early detection, faster action and preventing wider losses are the immediate priorities. OJK said it is coordinating with other ministries and agencies through Satgas PASTI and the Indonesia Anti-Scam Centre, with response measures including blocking accounts, blocking phone numbers and shutting websites suspected of being used for financial fraud. It outlined a four-pillar approach covering prevention, detection, disruption and enforcement, with prevention focused on public education and frontline capacity, detection on data, artificial intelligence and early warning systems, disruption on rapid account blocking and stopping fund flows, and enforcement on cooperation with law enforcement authorities. The three-day hybrid workshop brought together speakers from OJK, Australian Treasury, the Australian Competition and Consumer Commission, the Australian Securities and Investments Commission, the Australian Federal Police, Bank Indonesia, Indonesia’s Ministry of Communication and Digital Affairs, and private sector participants including telecom and banking firms. OJK said the exchange of approaches and case studies is intended to strengthen Indonesia-Australia cooperation, including collaboration with the Australian government through Prospera on consumer protection.

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