The Indonesia Financial Services Authority warned at an OJK-hosted seminar that digital scams are becoming a broader and more complex threat to consumers, financial sector trust and system integrity. It said the response now requires stronger public-private partnerships and cross-border cooperation, including work with the United Nations Office on Drugs and Crime, as scams increasingly exploit digital finance channels and move across jurisdictions and sectors. OJK said scam typologies have become harder to trace as they use money mule accounts, merchants and sub-merchants, digital payment systems and virtual assets. Based on Indonesia Anti-Scam Centre data as of June 2026, more than 608,000 fraud cases had been recorded, more than 557,000 accounts had been blocked, IDR 674 billion had been secured or blocked, and almost IDR 200 billion had been returned to victims. Discussion at the forum focused on stronger customer due diligence, transaction monitoring, merchant and sub-merchant oversight, and the use of technology to detect and trace suspicious transaction patterns. OJK also highlighted the Indonesia Anti-Scam Centre as a practical coordination mechanism among regulators, financial firms, payment service providers and law enforcement to speed scam reporting, account blocking and fund recovery. OJK urged the public to be alert to digital fraud, avoid unrealistic offers, verify the legality of financial businesses and products through official OJK channels, protect personal data including one-time passwords and passwords, and report suspected illegal financial activity or scam-related transactions through the designated OJK and Indonesia Anti-Scam Centre websites.

Original source Back to tracker