Over 17,000 bank accounts blocked as Indonesia intensifies efforts against illegal online gambling.
In a bold move to curb illegal online gambling, Indonesia’s Financial Services Authority (OJK) has blocked 17,026 bank accounts suspected of being tied to unlawful gambling activities. This mass action is a part of the government’s broader effort to combat financial crimes, following the mandate of Law No. 4/2023.
OJK’s collaboration with financial institutions and various government agencies signals a stronger regulatory stance, as banks are now required to verify customers’ identities using National Identity Numbers (NIK) and carry out heightened due diligence. With the decline of gambling transactions reported by the Ministry of Communication and Digital Affairs, the OJK’s actions reinforce the country’s commitment to fighting illegal gambling and protecting the financial system.
This crackdown represents a significant step towards achieving transparency and stability in Indonesia’s financial sector, as the government continues to tackle online gambling activities and their associated financial crimes.
