OJK through the Decree of the Board of Commissioners of the Financial Services
Authority number KEP-2/D.06/2024 dated January 15th, 2024, has revoked PT
Sarana Majukan Ekonomi Finance Indonesia business license, which its head office is
located at Jalan Abdul Muis Nomor 28, RT 006, RW 008, Kelurahan Petojo Selatan,
Kecamatan Gambir, Jakarta Pusat, Provinsi DKI Jakarta 10160.
PT Sarana Majukan Ekonomi Finance Indonesia is prohibited from carrying out
business activities in financing sector and is obligated to settle rights and obligations
in accordance with the applicable laws and regulations, among others:
Restricted from using the word “finance” and/or word that characterize
financing activites for naming the company in accordance with the provisions of
Article 112 of the Business and Institutional Licensing of Financing Companies
and Sharia Financing Companies Number 47/POJK/05/2020.
Provide clear information to debtors, creditors, and/or funders regarding the
mechanism for settling rights and obligations.
Required to provide customer information and complaints center equipped with
authorized contact persons. The intended contact person (including if theres is a
change in contact person) must be disclosed to all debtors and can be CC to OJK
FAO Directorate of Financing Institutions and Venture Capital Companies
Supervision and Directorate of Consumer Services, Complaint Inspection and
Regional Consumer Education and Protection
