With our continuous prevention efforts and cyber patrolling, the number of illegal fintech lending and investment business has declined. However, the public should remain vigilant against illegal fintech lending.
Jakarta (ANTARA) - The Investment Alert Task Force has found 133 illegal peer-to-peer lending financial technology (fintech) and 14 illegal businesses in investment that can be potentially detrimental to the public.

"With our continuous prevention efforts and cyber patrolling, the number of illegal fintech lending and investment business has declined. However, the public should remain vigilant against illegal fintech lending," chief of the task force Tongam Lumban Tobing noted in a statement here on Friday.

The task force has raised awareness on illegal fintech and investment through mass media and social media.

Tobing reiterated the importance of reminding the public that before availing the benefit of fintech lending, they should bear in mind the legality of the firm and the logical benefits that it offered.

The public can seek information on fintech lending through the Financial Service Authority (OJK) hotline service 157 or Whatsapp service 081157157157.

Tobing affirmed that with the finding of illegal fintech and investment businesses, the task force will continue to conduct routine cyber patrolling.

The task force has shared the information with the Indonesian Police's Criminal Investigation Unit (Bareskrim) for further legal action and the Communication and Informatics Ministry to block the websites of the illegal entities.

During the period from 2018 to January 2021, the task force had closed 3,056 illegal fintech lending companies.

Information on the list of such illegal companies can be accessed through the Investor Alert Portal on www.sikapiuangmu.ojk.go.id. Related news: SWI reveals 388 illegal lending fintech entities
Related news: Ministry blocks 4,020 illegal fintech in 2018-2019

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Translator: Indra Arief Pribadi, Sri Hary
Editor: Suharto
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