The Investment Alert Task Force (SWI) consisting of the Financial Prosecutor's Authority (OJK) and the National Police Criminal Investigation Unit closed 14 illegal Fintechs under the guise of investment.

Kasubdit II Dittipidsiber Bareskrim Polri, Kombes Pol Rickynaldo, S.IK, stated that the rise of Fintech in Indonesia is difficult to anticipate because most of them use servers abroad. However, there are also quite a few Fintechs who have built their servers in Indonesia and are officially registered with the OJK.

So, before you are tempted to invest or borrow money, make sure you first understand about loans or investments. You can find out and check the official OJK website about Fintech or whether the company is on the list.

If the company or Fintech is official and registered, there will be a lot of information presented. Likewise, if you are not sure and clear, try to think about it first. While you think about it, also note down the investment or Fintech criteria that are most likely illegal;

1. Do not have official permission, clear identity and office address.

2. Providing loans is very easy. As the jargon goes, "You ask, I'll give."

3. Interest and fines information is unclear, even unlimited.

4. Request access to all data on the device, both computer and smartphone.

5. Unlimited billing.

6. There are indications of threats of violence, insults, defamation, distributing personal photos/videos.

7. No complaint service available.

SWI continues to strive to monitor and take firm action against illegal investment and Fintech actors to protect the interests of the community, and is committed to improving coordination and accelerating action against illegal investment companies that are still operating.