Indonesia

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    KYC & CDD

    OJK Indonesia Issues New Bank Secrecy Regulations

    By Editors | 11/02/2025

    The regulations introduce clearer procedures for authorities requesting information from banks and for banks tasked with fulfilling such requests.

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    Reporting & Disclosures

    Taxonomies in Southeast Asia Lack Ambition – Fitch

    By ESG Investor | 06/02/2025

    Sustainable Fitch says limited uptake could be attributed to the high benchmarks required for activities to qualify as transitional

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    Structural Regulation

    Indonesia Approves Establishment of State Investment Agency

    By Nithya Subramanian | 06/02/2025

    The new agency will manage government holdings in key enterprises and help the government achieve its economic growth target.

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    Payments & Settlements

    China UnionPay to Enable QR Payments Connectivity for Indonesia

    By Editors | 29/01/2025

    Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.

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    Sustainable Finance

    Indonesia Opens Carbon Exchange to International Participants

    By Nithya Subramanian | 24/01/2025

    Minister says every certificate issued for international trading has been validated and authorised to prevent double accounting, double payment, and double claims.

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    Structural Regulation

    Indonesia OJK Issues New Requirements for P2P Lending & BNPL

    By Editors | 14/01/2025

    New minimum age and income requirements set for P2P and BNPL borrowers. BNPL providers have to report transaction to the credit bureau

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    Cryptocurrency

    Indonesia OJK Assumes Crypto Oversight, Eyes Investor ID System

    By Nithya Subramanian | 14/01/2025

    Bappebti has handed over regulatory responsibilities for cryptocurrencies and derivatives to the OJK and BI

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    Liquidity Risk

    OJK Indonesia Adjusts LCR, NSFR Regulations for Banks

    By Editors | 04/01/2025

    The amendments will require all conventional commercial banks including smaller banks to comply with the LCR and NSFR rules.

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    Cryptocurrency

    OJK Indonesia Issues Regulations for Digital Asset Trading

    By Manesh Samtani | 03/01/2025

    OJK is adopting Bappebti regulations, with refinements, to ensure continuity as it transitions into the new regulatory body for Indonesia’s crypto sector.

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    Payments & Settlements

    Bank Indonesia Launches Three New BI-FAST Services

    By Editors | 01/01/2025

    The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

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