Indonesia’s Financial Services Authority (OJK) has blocked over 557,000 accounts suspected of being linked to digital scams.
The regulator warned that fraud networks are increasingly exploiting payment systems, merchant channels, and virtual assets to bypass standard tracking mechanisms, according to Finansial Bisnis.
As of June 2026, the Indonesia Anti-Scam Centre (IASC) has received more than 608,000 reports related to financial scams.
The task force has frozen Rp674 billion in illicit funds, with nearly Rp200 billion of that total successfully returned to victims.
“Scams can cross borders in seconds, utilise technology at scale, and destroy something more valuable than money, which is trust,”
said OJK Commissioner Friderica Widyasari Dewi.
She added that protecting consumers from fraud is critical to maintaining the integrity of the financial system during rapid digital growth.
OJK and the United Nations Office on Drugs and Crime (UNODC) shared the figures during a high-level dialogue in Jakarta.
The seminar brought together regional regulators, representatives from the Singapore Police Force, and banking executives.
Discussions focused on strengthening customer due diligence, monitoring transactions, and overseeing sub-merchants to identify patterns indicative of a digital scam.
Gita Sabharwal, UN Resident Coordinator in Indonesia, noted that the impact of financial crime extends beyond immediate monetary losses.
To mitigate ongoing risks, OJK is advising the public to verify the legality of financial products. The regulator also urged people to use official channels to report suspected illegal activities.
Featured image credit: Edited by Fintech News Indonesia, based on image by Roni4060 via Magnific
