Government Strengthens Financial Literacy to Prevent Money Laundering from Online Gambling
Jakarta – Synergistic efforts between government institutions continue to be strengthened in preventing money laundering from online gambling, one of which is by increasing public financial literacy, especially related to crypto assets. In the Hearing Meeting (RDP) of Commission XI of the DPR with the Financial Services Authority (OJK), the flow of online gambling funds worth IDR 28.48 trillion that was diverted to crypto assets was the main focus.
Head of the Financial Transaction Reports and Analysis Center (PPATK), Ivan Yustiavandana, revealed that his party had coordinated with law enforcement officers regarding the circulation of money from online gambling that entered the crypto ecosystem.
“The report has been submitted to law enforcement officers for follow-up. We have sent it to the APH,” said Ivan.
Responding to this, member of Commission XI of the DPR, Puteri Anetta Komarudin emphasized the importance of financial literacy to prevent the public, especially the younger generation, from being trapped in risky investment schemes without adequate understanding.
“This must be the focus of the OJK this year. The fear of missing out (FOMO) phenomenon that encourages many young people to invest in crypto assets without understanding the risks, especially due to the influence of influencers,” said Puteri.
A similar thing was conveyed by a member of Commission XI of the DPR, Musthofa, who asked the OJK to tighten supervision of crypto transactions to avoid misuse. Young people must be given a better understanding so that they are not tempted by the promise of big profits from crypto assets without understanding the potential risks.
“This should not be interpreted as suspicion, but in anticipation,” he said.
Meanwhile, the Chief Executive of the Financial Sector Technology Innovation Supervisory Agency, Digital Financial Assets, and Crypto Assets of the OJK, Hasan Fawzi, emphasized that his party had collaborated with the PPATK to monitor and suppress the misuse of crypto assets in money laundering practices.
“Reducing the use of crypto assets for money laundering or other violations,” said Hasan.
Based on OJK data as of December 2024, the total crypto asset transactions in Indonesia reached IDR 650 trillion, with an average daily transaction reaching IDR 2 trillion. Strict supervision and increased public education are the main keys to preventing potential misuse of digital assets for illegal activities.
Synergy between the DPR, OJK, PPATK, and law enforcement officers is a strategic step in strengthening the financial supervision and literacy system to suppress the rate of money laundering through online gambling. This step is expected to build a healthier and more integrated digital financial ecosystem.
