Amidst the prevalent surge of digital financial crimes such as illegal online lending and gambling, the Indonesian Anti-Swash Commission (IASC) has emerged as a critical tool in protecting national economic stability. During the OJK’s Annual Meeting at the Jakarta Convention Center (JCC) in Senayan, Sultan, a prominent figure in the financial sector, emphasized the need for stringent measures to combat these transnational threats.

The Role of IASC in Mitigating Illegal Online Activities

“The IASC is crucial, especially amid the surge of fraudulent activities such as illegal online lending and gambling. Digital financial crimes are transnational threats that could disrupt national economic stability,” Sultan said. His comments highlight the commission’s pivotal role in addressing crimes that transcend national borders.

Tackling the Drain of Funds to Foreign Entities

One of the significant concerns Sultan addressed was the substantial financial drain caused by illegal online gambling. He stated, “He expressed hope that the IASC would help curb illegal online gambling, which has drained trillions of rupiah from Indonesians to foreign entities.” This issue underlines the urgent need for effective monitoring and enforcement mechanisms to protect local economies.

Concerns Over Online Gambling and Illegal Lending

The Domestic Prosperity and Welfare Agency (DPJ RI) shares Sultan’s concerns about the impact of online gambling and illegal lending on local communities. DPD RI’s representative highlighted the commission’s commitment to detecting suspicious transactions associated with underground economic activities. “We expect this anti-scam system to detect suspicious transactions linked to underground economic activities,” Sultan elaborated, emphasizing the importance of proactive measures to safeguard public finances.

Acknowledgment of OJK’s Role

Sultan, who previously served as the chairman of HIPMI Bengkulu, also recognized the OJK’s steadfast efforts in maintaining the stability of the financial sector. He praised the agency for its crucial role in supporting national development initiatives, including programs aimed at enhancing public welfare. “The OJK plays a strategic role in supporting national development, particularly in priority government programs like the free meals program, public housing, food and energy self-sufficiency, and downstream industries,” Sultan concluded.

Conclusion

In his remarks, Sultan underscored the vital role of the IASC in combating digital financial crimes and protecting Indonesian communities. By addressing these issues, the commission can help mitigate the financial drain and support various government initiatives aimed at improving the quality of life for Indonesian citizens.