OJK Urges Banks to Block Accounts Linked to Online Gambling

Jakarta – The Financial Services Authority (OJK) has urged banks to block several accounts that are linked to illegal activities, including online gambling. 

The instruction was issued to maintain that all activities in the financial sector are organized in an orderly, fair, transparent, and accountable manner.

OJK Banking Supervisor Chief Executive Dian Ediana Rae believes these efforts will be able to realize a financial system that grows sustainably and stably and can protect the interests of consumers and the public. 

"With an integrated system of regulation and supervision of all activities in the financial services sector, including through inter-agency cooperation," Rae said in Jakarta on Monday. 

"We welcome this form of inter-agency cooperation to help eradicate economic crimes committed by using bank accounts and payment systems in Indonesia," Rae continued. 

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Gedung Otoritas Jasa Keuangan (OJK).

Photo :

• VIVA/Andry Daud

According to Rae, efforts to uphold the integrity of the banking system are the responsibility of all relevant parties. 

Previously, OJK had received a letter from the Ministry of Communication and Information Technology (Kominfo) regarding a request to block several accounts involved in online gambling activities. 

"OJK continues to coordinate with Kominfo and instructs banks to block accounts involved in online gambling activities," Rae informed. 

The request to block bank accounts is based on Article 36A paragraph (1) letter c, number 33 in Article 14 and Article 52 paragraph (4) letter c number 42 in Article 15 of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law), to carry out supervisory duties, OJK is authorized to order the Bank to block certain accounts.

In addition, to continue strengthening the integrity of the financial services sector, on June 14, 2023, OJK issued OJK Regulation (POJK) Number 8 of 2023 concerning the Implementation of Anti-Money Laundering Programs, Prevention of Financing of Terrorism, and Prevention of Financing the Proliferation of Weapons of Mass Destruction in the Financial Services Sector (POJK APU-PPT).

"This POJK is an improvement of the previous POJK APU-PPT, namely POJK APU-PPT Number 12/POJK.01/2017 as amended by POJK Number 23/POJK.01/2019," Rae said. 

In addition, OJK has also issued POJK Number 17 of 2023 concerning the Implementation of Governance for Commercial Banks. 

"Given that governance is very fundamental in the management of bank business activities to develop in a healthy and sustainable manner by prioritizing values, ethics, principles, and upholding integrity,"

Rae also explained that OJK's cooperation with Kominfo, as well as other institutions, will continue to be improved to address the problem of online gambling and illegal online loans. 

"Through the examination of the accounts of two banks that were misused for unlawful purposes, and ordered to block them," Rae concluded. 

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Previously, OJK had received a letter from the Ministry of Communication and Information Technology (Kominfo) regarding a request to block several accounts involved in online gambling activities.