Facebook Twitter Youtube

Financial Services Authority and Bali Police Collaborate to Prevent Financial Crimes


In an effort to strengthen consumer protection and enhance early detection of financial crimes, the Financial Services Authority of Bali Province has partnered with community police officers from the Bali Police.

This collaboration aims to boost awareness and detection of fraudulent practices, particularly in rural areas, where financial literacy and access to verified financial services may be limited.

Kristrianti Puji Rahayu, Head of Financial Services Authority of Bali Province, emphasized the strategic role of community police officers in delivering financial education to the public.

“We hope community police officers will also serve as financial education agents, as they are the front line in safeguarding the community,” said Puji in Denpasar on Saturday, as reported by AntaraNews.

During the event, Financial Services Authority outlined the core principles of consumer protection in the financial services sector, which include adequate education, transparency of financial product and service information, protection of assets and personal data, and enforcement of compliance standards.

Participants were also introduced to the complaint mechanism through the Consumer Protection Portal Application.

“We hope the outcome of this outreach will lead to positive actions and wider public dissemination, so that people feel protected when using financial products and services,” she added.

Resilient Financial Ecosystem

Commissioner Teguh Widodo, Director of Special Criminal Investigation at the Bali Police, stated that law enforcement’s role extends beyond prosecution.

Beritaja.com, reports,  “Cross-institutional collaboration is crucial to building a safe and trustworthy financial system for the public,” he explained.

He stressed that combating financial crimes also involves public education, prevention, strengthening inter-agency cooperation, and improving human resources and technological capabilities. He expressed optimism that a safe and resilient financial ecosystem could be built through continuous synergy between institutions.

The police are a key part of the Illegal Financial Activities Eradication Task Force, known as Satgas PASTI. Since its establishment in 2017 until April 2025, the Task Force has shut down 12,721 illegal financial entities, with estimated losses from illegal investments reaching IDR 142.13 trillion (approx. USD 9 billion).

Report Suspicious Activities

Between January 1, 2024 and April 30, 2025, the task force blocked 4,053 illegal applications, websites, and online content, as well as 117 bank accounts and 2,422 phone/WhatsApp numbers used for suspicious financial activities.

The public is urged to remain cautious of online investment or loan offers that promise unrealistic returns. Suspected fraud can be reported to Financial Service Authority via the following official channels:

Through ongoing education and institutional cooperation, OJK and the Bali Police reaffirm their commitment to fostering a secure, informed, and empowered financial environment for all members of society.


Sources: Antaranews, Beritaja.com
Feat Image: via AntaraNews

LATEST

BaliExpat is being driven by Seven Stones Indonesia, a customer-centric company who believe in being authentic to deliver value to, and for, all stakeholders, to boost business growth and prosperity.

Instagram Facebook Twitter

Write for Us

Write Now

Navigation

Copyright © 2022 baliexpat.com | All Rights Reserved.

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.