OJK Papua Continues to Educate the Public Regarding Illegal Investment

The Financial Services Authority (OJK) of the Provinces of Papua and West Papua continues to provide education to the people in their regions regarding illegal investments and fraudulent investments.

Acting Head of OJK Papua Winter Marbun said this education was to prevent people from becoming victims of illegal investment offers. In addition to direct contact with the public, OJK also provides education through a number of mass media. "The Papua and West Papua Province OJK Offices always coordinate with the Papua Investment Alert Task Force to continue to monitor and follow up on complaints and public reports on fraudulent investments," he said.

According to Winter, some of the characteristics of a fraudulent investment are:
 
- There is no business license from the authorized institution,
- Besides that, there is no underlying investment
- Most importantly, there is no clarity on how to manage the investment.

"Bad investment is also unclear on the management structure, unclear business domicile address, yields that are beyond reasonable limits and the investment offers resemble money games and ponzi schemes," said Winter.

He explained, OJK has provided a consumer service channel to ensure the legality of investment institutions or fintech through several accesses. Like by telephone contact 157.
 
Not only that, there is still a Whatsapp service on the number 081-157-157-157, electronic mail at consumer@ojk.go.id or through the www.kontak157.ojk.go.id page.

Winter added, OJK also urges the public to always be careful and wise in managing finances. Especially regarding the investment placement strategy. The public must also have a better understanding of financial products or services, especially related to investment risks.

SOURCE: https://www.minews.id/news/ojk-papua-terus-edukasi- Masyarakat-terkait-investasi-illegalOJK Papua Continues to Educate the Public Regarding Illegal Investment

The Financial Services Authority (OJK) of the Provinces of Papua and West Papua continues to provide education to the people in their regions regarding illegal investments and fraudulent investments.

Acting Head of OJK Papua Winter Marbun said this education was to prevent people from becoming victims of illegal investment offers. In addition to direct contact with the public, OJK also provides education through a number of mass media. "The Papua and West Papua Province OJK Offices always coordinate with the Papua Investment Alert Task Force to continue to monitor and follow up on complaints and public reports on fraudulent investments," he said.

According to Winter, some of the characteristics of a fraudulent investment are:
 
- There is no business license from the authorized institution,
- Besides that, there is no underlying investment
- Most importantly, there is no clarity on how to manage the investment.

"Bad investment is also unclear on the management structure, unclear business domicile address, yields that are beyond reasonable limits and the investment offers resemble money games and ponzi schemes," said Winter.

He explained, OJK has provided a consumer service channel to ensure the legality of investment institutions or fintech through several accesses. Like by telephone contact 157.
 
Not only that, there is still a Whatsapp service on the number 081-157-157-157, electronic mail at consumer@ojk.go.id or through the www.kontak157.ojk.go.id page.

Winter added, OJK also urges the public to always be careful and wise in managing finances. Especially regarding the investment placement strategy. The public must also have a better understanding of financial products or services, especially related to investment risks.

SOURCE: https://www.minews.id/news/ojk-papua-terus-edukasi- Masyarakat-terkait-investasi-illegalOJK Papua Continues to Educate the Public Regarding Illegal Investment

The Financial Services Authority (OJK) of the Provinces of Papua and West Papua continues to provide education to the people in their regions regarding illegal investments and fraudulent investments.

Acting Head of OJK Papua Winter Marbun said this education was to prevent people from becoming victims of illegal investment offers. In addition to direct contact with the public, OJK also provides education through a number of mass media. "The Papua and West Papua Province OJK Offices always coordinate with the Papua Investment Alert Task Force to continue to monitor and follow up on complaints and public reports on fraudulent investments," he said.

According to Winter, some of the characteristics of a fraudulent investment are:
 
- There is no business license from the authorized institution,
- Besides that, there is no underlying investment
- Most importantly, there is no clarity on how to manage the investment.

"Bad investment is also unclear on the management structure, unclear business domicile address, yields that are beyond reasonable limits and the investment offers resemble money games and ponzi schemes," said Winter.

He explained, OJK has provided a consumer service channel to ensure the legality of investment institutions or fintech through several accesses. Like by telephone contact 157.
 
Not only that, there is still a Whatsapp service on the number 081-157-157-157, electronic mail at consumer@ojk.go.id or through the www.kontak157.ojk.go.id page.

Winter added, OJK also urges the public to always be careful and wise in managing finances. Especially regarding the investment placement strategy. The public must also have a better understanding of financial products or services, especially related to investment risks.

SOURCE: https://www.minews.id/news/ojk-papua-terus-edukasi- Masyarakat-terkait-investasi-illegal