Rancak Media JAKARTA – The Financial Services Authority (OJK) of Indonesia has announced its close monitoring of the legal enforcement process undertaken by the Jakarta High Prosecutor’s Office against the online lending company, PT Lunaria Annua Teknologi, also known as KoinP2P. Amidst this ongoing legal scrutiny, OJK reaffirms its commitment to maintaining intensive oversight of the digital loan platform, ensuring robust consumer protection and the uninterrupted continuity of services for the public.
Agus Firmansyah, Head of OJK’s Surveillance and Integrated Financial Services Sector Policy Department, stated that the authority fully respects and supports the legal proceedings conducted by law enforcement officials in accordance with prevailing laws and regulations. “OJK is currently maintaining intensive supervision over KoinP2P as a provider of Financial Technology-Based Mutual Assistance Services (LPBBTI),” Agus elaborated in a statement on Friday (8/5/2026).
Following the legal process and the detention of KoinP2P’s management by the Jakarta High Prosecutor’s Office, OJK has summoned the company’s shareholders. This crucial step was taken to underscore that the responsibility for the sustainability of business operations firmly rests with the shareholders, including ensuring that all operational activities and public services adhere to stipulated regulations. OJK has also mandated a firm commitment from KoinP2P’s management and shareholders to resolve various outstanding issues, particularly those pertaining to obligations owed to lenders.
Beyond this, OJK has initiated direct inspections and a comprehensive evaluation of KoinP2P’s operational infrastructure, governance frameworks, and business model. The authority has also issued directives for necessary improvements aimed at preserving the company’s business continuity. Furthermore, OJK is conducting special or investigative audits in line with applicable provisions, maintaining strict vigilance over the fulfillment of lender obligations, resolution of problematic financing, and other fundamental corrective measures.
Agus added that OJK is prepared to implement compliance enforcement actions and administrative sanctions against any parties found to be in violation or failing to honor their commitments. These actions may include a re-evaluation of key personnel, as stipulated by current regulations. He also emphasized OJK’s proactive role in encouraging industry associations to undertake necessary steps to ensure the online lending sector remains healthy and continues to contribute effectively to public financing, particularly for Micro, Small, and Medium Enterprises (MSMEs).
Meanwhile, OJK is continuously strengthening its regulatory and supervisory framework for the financial technology-based mutual assistance services industry, commonly known as online lending platforms. A significant step in this direction is the issuance of OJK Regulation (POJK) Number 40 of 2024 concerning Financial Technology-Based Mutual Assistance Services. This comprehensive regulation aims to bolster institutional aspects, corporate governance, risk management, and consumer protection, while also stipulating maximum economic benefit limits that can be imposed on borrowers.
The reinforcement of industry supervision is being executed through a series of key policies. These include the mandate for loan disbursements to be made solely into accounts bearing the borrower’s name, the enhancement of electronic Know Your Customer (e-KYC) processes and credit scoring mechanisms, and the strengthening of internal control functions to prevent fictitious transactions. Additionally, all online lending providers are now required to prominently display a risk disclaimer on their websites. OJK reiterates its commitment to imposing stringent administrative sanctions, including the revocation of business licenses and pursuing alleged criminal acts in close collaboration with law enforcement agencies.
According to Agus, these multifaceted initiatives are designed to safeguard the stability of the online lending industry while simultaneously providing optimal protection for financial service users. “Through these measures, the online lending industry is expected to achieve healthy and accountable growth, thereby supporting public financing, especially for productive sectors and MSMEs,” he concluded.
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Summary
The Financial Services Authority (OJK) is closely monitoring KoinP2P amidst ongoing legal proceedings by the Jakarta High Prosecutor’s Office, which includes the detention of its management. OJK has summoned the company’s shareholders, emphasizing their responsibility for business continuity and resolving outstanding obligations to lenders. The authority is conducting inspections, evaluations, and special audits, ready to enforce compliance and administrative sanctions for any violations.
Simultaneously, OJK is strengthening the broader regulatory and supervisory framework for the online lending industry, highlighted by the issuance of POJK Number 40 of 2024. Key policies include mandating loan disbursements to borrower-named accounts, enhancing e-KYC, and strengthening internal controls to prevent fictitious transactions. These comprehensive initiatives aim to safeguard industry stability, provide optimal protection for financial service users, and foster healthy growth, especially for MSMEs.
