Definitive Task Force Releases List of 337 Illegal Online Loans and 38 Related Bank Accounts

KOMPAS.com – The Task Force for Eradicating Illegal Financial Activities or “Definitive Task Force” released a list of illegal online loans (pinjol) on Saturday (30/12/2023).

The Definite Task Force found 337 loans that did not have permission from the Financial Services Authority (OJK) in the November 2023 period.

With these findings, it means that 6,680 illegal loans were discovered in 2017-2023. Apart from that, the Pasti Task Force also found 38 bank accounts or virtual accounts that were reported by the public to be related to illegal lending activities.

They have also submitted an account blocking request to the bank supervisory unit at the OJK and ordered the bank to block it.

“This effort will continue to be made to further suppress the illegal online lending ecosystem in Indonesia,” said the Pasti Task Force in an official statement received by Kompas.com, Sunday (31/12/2023).

Also read: Details of interest and loan fines from OJK, decreasing gradually starting in 2024

Illegal registration

The Definite Task Force has detailed the names and developers who developed Pinjol who did not have permission from the OJK.

Here’s the complete list:

The public is asked to be careful

Apart from tracking illegal loans, the PASTI Task Force also found 22 entities offering investment or illegal financial activities.

These findings consist of:

• 12 entities offer part-time work with a deposit system
• 7 entities made investment offers without permission
• 2 entities carried out crypto asset trading activities without permission
• 1 entity carried out financial recording activities without permission

Also read: What should you do if your personal number is used as Pinjol’s emergency contact? This is the Latest OJK Regulation

Regarding these findings, the Definite Task Force has blocked applications and information.

The task force also coordinates with law enforcement officials to follow up in accordance with applicable regulations.

Not only that, the Pasti Task Force found 288 pieces of content related to personal loans (pinpri) that had the potential to violate personal data confidentiality provisions.

With these findings, the Pasti Task Force reminds the public to always be careful, vigilant and not to use illegal loans.

The reason is that unlicensed lending has the potential to harm society, including the risk of misuse of personal data.

“The public is expected to always ensure the legality aspects of a product and pay attention to the reasonableness of the promised results,” suggested the PASTI Task Force.

Also read: OJK Issues Ethics Rules for Billing Loans, Do They Also Apply to Illegal Loans?

Characteristics of illegal penis

The public needs to understand the differences between illegal and legal loans, so they don’t get trapped.

Knowing the characteristics of illegal loans also helps them avoid potential data spread.

Reported from the page FSApay attention to the following characteristics of illegal borrowing:

• Not registered or licensed by OJK
• Using SMS or Whatsapp in giving offers
• Providing loans is very easy
• Interest or loan fees and fines are not clear
• Threats of terror, intimidation and harassment for borrowers who cannot pay
• There is no complaint service
• Do not have the administrator’s identity or office address unclear
• Request access to all personal data on the borrower’s device
• The party who collects does not have a collection certification issued by the Indonesian Joint Funding Fintech Association (AFPI)

Also read: Starting in 2024, borrowing money will be limited to 3 loans, maximum 50 percent of salary

Meanwhile, loans that are legal or have obtained permission from the OJK have the following characteristics:

• Registered or licensed by OJK
• Legal Pinjol never offers via private communication channels
• Loans will be selected first
• Transparent interest or loan fees
• Borrowers who cannot pay after the 90 day deadline will be blacklisted by the Fintech Data Center so that borrowers cannot borrow funds from other fintech platforms.
• Have a complaint service
• Have the administrator’s identity and clear office address
• Only allow camera, microphone, and location access on the borrower’s device
• The biller must have a billing certification issued by AFPI

Also read: Chronology of the AdaKami Pinjol Terror Allegedly Causes Borrowers to Suicide

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2023-12-31 05:30:00
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