TEMPO.CO, Jakarta – The Funding Alert Process Pressure (SWI) has uncovered 388 unlawful peer-to-peer lending fintech (monetary expertise) entities in February and March that introduced the overall quantity to 508 since January.
Earlier in January, the duty power has discovered 120 entities that operated unlawful lending fintech entities, not registered with the Monetary Service Authority (OJK), SWI head Tongam L Tobing mentioned in a press release right here Saturday.
The duty power has dealt with 2,406 entities from 2018 to March 2020, he added.
In 2019, the SWI suspended the actions of 1.494 unlawful peer-to-peer lending actions.
“We won’t weaken the operation however proceed to familiarize the general public with fintech lending companies earlier than they determine to make use of it,” he remarked.
He known as on the general public to test the validity of the license or registration of those entities.
Individuals can even test the record of registered lending fintech entities on OJK’s official web site, he added.
The duty power that concerned 13 ministries and establishments would proceed the crackdown, Tobing mentioned.
It has commonly requested the Communication and Informatics Ministry to dam sure web sites and purposes. It additionally closed the monetary entry to unlawful fintech entities and reported the case to the police for additional authorized motion.