Jakarta, 25 January 2023. Based on its investigative authority, the Indonesian Financial Services Authority (OJK) completed investigations of 20 cases in the financial sector in 2022. Public Prosecutors have declared that the case files were complete (P-21). Suspects and evidence have also been referred to the Prosecutor’s Office (Stage 2 of the process).
18 of 20 cases were in the banking sector, while two were cases in the Non-Bank Financial Industry (NBFI) sector. Between 2014 and 2022, OJK investigators completed the investigation of 99 cases, consisting of 78 cases in the banking sector, 5 cases in the capital market sector, and 16 cases in the NBFI sector.
To strengthen its investigative power and build a credible criminal justice system, OJK regularly coordinates with law enforcement agencies and institutions, i.e., the Indonesian National Police (POLRI), the Indonesian Attorney General's Office, the Indonesian Financial Intelligence Unit (PPATK), and the Indonesian Deposit Insurance Corporation (LPS).
OJK currently has 17 investigators, consisting of 12 police investigators and 5 civil servant investigators (PPNS). In 2022, OJK investigators also worked to strengthen coordination and communication by delivering education sessions on the prevention of crime in the financial services sector, through engagement with the Police Department of Central Sulawesi Province, the Police Department and the Prosecutor’s Office of East Java Province, as well as the Police Department and the Prosecutor’s Office of Yogyakarta Province.
On 24 November 2022, OJK’s investigative work was also awarded as Best Investigator by the Criminal Investigative Department of the Indonesian National Police for achievements in enforcing the law in the financial services sector in 2022. OJK was named as the best institution in completing investigations under the category of Civil Servant Investigators in Ministries/Agencies.
With such consolidation and law enforcement measures, OJK is optimistic that the stability of the financial system can be maintained, particularly to anticipate increased external risks and to further support the national economic recovery.