Indonesia

OJK revoked his Investment Manager Representative licence and barred him for 5 years from serving as commissioner, director or management personnel in the financial services sector, running from the decision date. Two other directors, Alfa Sri Aditya and Janto Supandi, received licence revocations and 2-year bans in the same announcement.

OJK revoked the investment manager licence after a formal investigation found governance, risk management, fund concentration and reporting violations. The company must work with the appointed custodian bank to dissolve 15 mutual funds. No fine is stated in the announcement (PENG-8.PM.1.2026).

OJK classified the finance company as one that cannot be restored to financial health because it did not address the root cause of its special supervision status, and revoked its licence by decree KEP-57/D.06/2026 dated 24 September 2026. The company may not conduct financing business and must dissolve and liquidate. OJK's press release SP 180/DKPU/OJK/IX/2026 of 30 September 2026 gives the same basis; the announcement page itself states no reason.

OJK revoked the securities company's underwriting licence while leaving its broker-dealer licence intact, citing no underwriting for over two years, a net-capital (MKBD) shortfall since October 2023, missing organisation and licensed staff, outdated procedures and unfiled reports. The announcement also tells the firm to settle an outstanding administrative fine bill but gives no amount or date, so the fine may predate this action. The date is the announcement date (decree date not stated).

OJK revoked the sharia rural bank's licence by decree dated 16 July 2026, the date of the announcement. No reason is stated. The deposit insurer LPS will form the liquidation team; officers, the sharia board and shareholders need LPS written approval for any dealing in its assets.

OJK revoked the licence of the rural bank by decree dated 25 June 2026 (announced 26 June). No reason is stated. Its offices are closed, and a liquidation team to be formed by LPS will settle its affairs.

After a special examination, OJK found Indosaku did not properly manage and supervise debt collection, especially collection through third parties. It fined the company, gave a written warning to its President Director and ordered a corrective action plan; the release cites no specific provisions and gives the release date only.

OJK revoked the licence of the Dharmasraya (West Sumatra) rural bank on 7 April 2026. The announcement gives no reason. Liquidation is assigned to a team the deposit insurer LPS will form.

OJK revoked the rural bank's licence on 9 March 2026, the date of the decree and announcement. No reason is stated. The deposit insurer LPS is to form the liquidation team, and officers and shareholders may not deal in its assets without LPS written consent.

OJK fined the director for skipping affiliate-transaction procedures on the same debt transfer agreement and material-transaction procedures on changes to a loan facility and receivables collateral at PT Tridomain Chemicals.

OJK fined the director for not following affiliate-transaction procedures for a 28 June 2023 debt transfer agreement from PT Tridomain Chemicals to the issuer.

OJK fined the former President Director of the Tianrong/Tridomain issuer for not following dilution procedures when outside parties entered subsidiaries EBCI and ENG, after which the issuer stopped consolidating them.

OJK fined the 2020 directors of PT Tianrong Chemical Industry Tbk (formerly PT Tridomain Performance Materials Tbk) over 2020 financial statements with unverifiable cash-flow entries, an undisclosed non-cash transaction and unsupported fixed-asset additions of US$85,011,337.

OJK fined the President Director of PT KGI Sekuritas Indonesia and barred him from capital market activities for 18 months for not managing the firm prudently, which led to its IPO-related breaches.

OJK fined the underwriter and froze its underwriting activity for one year (registration statements already filed may proceed). It found weak customer due diligence on four IPO investors whose Rp61.97 billion funding passed through a single conduit from two funders, and guaranteed allocations to three investors linked to KGI staff.

OJK fined the audit firm for not applying quality control standards in its 2021 to 2023 audits of PT Indo Pureco Pratama Tbk.

OJK fined the partner who audited the 2023 statements of PT Indo Pureco Pratama Tbk for not applying professional audit standards.

OJK fined the partner of KAP Jamaludin, Ardi, Sukimto dan Rekan who audited the 2021 and 2022 statements of PT Indo Pureco Pratama Tbk for not applying professional audit standards.

OJK fined the two directors of PT Indo Pureco Pratama Tbk jointly for the same overstated-asset recognition in the 2021 to 2023 financial statements.

OJK fined the issuer for overstating assets in its 2021 to 2023 financial statements by recognising factory building and machinery advances funded by IPO proceeds, and for failing to report material information and announce the cessation of operations.

OJK fined the individual Rp1.8 billion (the release states the amount applies to each of the two, masing-masing) for jointly and indirectly trading IMPC shares in January to April 2016 by moving funds for 12 customers (matched transactions of Rp49.12 billion), together with the other named individual.

OJK fined the individual Rp1.8 billion (the release states the amount applies to each of the two, masing-masing) for jointly and indirectly trading IMPC shares in January to April 2016 by moving funds for 12 customers (matched transactions of Rp49.12 billion), together with the other named individual.

OJK fined the company for indirectly trading IMPC shares in January to April 2016 by moving funds for 17 customers, creating a misleading appearance of trading (matched transactions of Rp43.73 billion).

OJK fined the individual for price manipulation in AYLS, FILM and BSML shares in 2021 to 2022, placing orders through several securities accounts while publishing stock tips on social media.

OJK fined the individual and barred him for three years from acting as an officer or shareholder of financial institutions in the capital market, derivatives and carbon-exchange sectors. It found he did not apply prudence and risk management or follow procedures for repo transactions, and so did not meet integrity and competence requirements. The date is the announcement date; the decision date is not stated.

OJK suspended the auditor's registration certificate for two years because he did not apply professional audit standards when auditing the 2023 financial statements of PT Multi Makmur Lemindo Tbk.

OJK barred the 2023 President Director of PT Multi Makmur Lemindo Tbk from capital market activities for five years over the misstated 2023 financial statements. The separate joint fine on the directors is recorded under its own entry.

OJK fined the four 2023 directors jointly and severally as responsible for the misstated 2023 financial statements of PT Multi Makmur Lemindo Tbk.

OJK fined the issuer for recognising assets funded by IPO proceeds in its 2023 annual financial statements without adequate transaction evidence.

OJK fined the Singapore affiliate for supplying incorrect information that PT UOB Kay Hian Sekuritas used for firm allotments in the Repower IPO.

OJK barred the former director of PT UOB Kay Hian Sekuritas (Dec 2018 to Feb 2020) from capital market activities for three years and fined her for not managing the firm prudently, which led to its breaches.

OJK fined the underwriter, suspended its underwriting (penjamin emisi efek) licence for one year and ordered it to update the 2001 account-opening form of UOB Kay Hian Pte. Ltd. within 10 working days. It found no customer due diligence on the foreign affiliate, whose eight referral clients, funded by another affiliate, received firm allotments in the Repower IPO. Underwriting already under way may continue.

OJK fined the 2024 President Director of PT Repower Asia Indonesia Tbk for failing to manage the company prudently, which led it to breach the material-transaction rules.

OJK fined the issuer for buying land in Tangerang from M. Andy Arslan Djunaid on 16 February 2024 without following material-transaction procedures; the purchase exceeded 20% of equity and was one of the planned uses of IPO proceeds.

OJK revoked the Surabaya-based rural bank's licence with effect from 27 January 2026 (announced 28 January). The announcement states no reason. Its offices closed and an LPS-appointed liquidation team takes over its rights and obligations.

OJK found the finance company could not be restored to health after it missed the deadline under its special supervision action plan, and revoked its licence by decree of 20 January 2026 (press release SP 17/GKPB/OJK/I/2026, 23 January).

OJK revoked the rural bank's business licence with effect from 7 January 2026 (announced 8 January). The announcement gives no reason. Settlement of its rights and obligations passes to a liquidation team that the deposit insurer LPS will form.

OJK revoked the lending platform's licence by decree of 6 November 2025 (announced 10 November, press release SP 191/GKPB/OJK/XI/2025), saying it breached minimum-equity and other rules and that its management and shareholders did not fix the problems by the deadline. The release describes OJK's graduated sanctions from warning up to suspension of business but does not say which were imposed before revocation.

OJK fined the investment manager Rp1,050,000,000 and ordered it to liquidate three mutual funds, for fund concentration breaches, cross-trades at non-optimal prices and unprofessional management. Two officers, Irsanto Aditia Soerapoetra and Ir. Bambang Subiantoro, were fined Rp400,000,000 and Rp300,000,000. Sanction decision dated 19 December 2023; announced 20 December 2023.

OJK fined the investment manager Rp1,485,000,000 and ordered it to liquidate or dissolve three mutual funds within six months, citing missing investment manager functions, concentrated trading, undisclosed conflicts of interest and acting on third-party instructions. Its president director Dwinanto Amboro was fined Rp355,000,000 and two others Rp335,000,000 each. Sanctions set 15 December 2023; announced 16 December 2023.