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The agency was created in 2011 under the Law No. 21 of 2011 as an independent institution responsible for regulating and supervising Indonesia’s financial sector. [4] It was created to replace the financial oversight functions previously held by Bank Indonesia (BI) and the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), ensuring a more integrated and comprehensive ...
The OJK reports that Swissindo followers were provided with vouchers that supposedly allow them to collect US$1,200 (Rp. 15.6 million) from the Bank Mandiri. [6] [12] This practice began on June 6, 2017. [8] However, the OJK's chairman has confirmed that the vouchers are not legitimate financial documents. [6]