We is not going to weaken the operation however proceed to familiarize the general public with fintech lending providers earlier than they determine to make use of it
Jakarta (ANTARA) – The Funding Alert Process Pressure (SWI) has uncovered 388 unlawful peer-to-peer lending fintech (monetary know-how) entities in February and March that introduced the entire quantity to 508 since January.
Earlier in January, the duty pressure 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 pressure 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 is not going to weaken the operation however proceed to familiarize the general public with fintech lending providers earlier than they determine to make use of it,” he remarked.
He known as on the general public to examine the validity of the license or registration of those entities.
Individuals can even examine the listing of registered lending fintech entities on OJK’s official web site, he added.
The duty pressure that concerned 13 ministries and establishments would proceed the crackdown, Tobing mentioned.
It has repeatedly requested the Communication and Informatics Ministry to dam sure web sites and functions. It additionally closed the monetary entry to unlawful fintech entities and reported the case to the police for additional authorized motion.
Associated information: Ministry blocks 4,020 unlawful fintech in 2018-2019
Associated information: Police identify three Chinese language suspects in unlawful lending platform case