OJK Papua Continues to Educate the People Regarding Illegal Investment

goodmorningpapua.com – A 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.

The Executive Daily (Plh) of a Head of OJK for the Provinces of Papua and West Papua, Winter Marbun in Jayapura, Wednesday (16/2/2022), 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 by means of a number of mass media.

“The Papua and West Papua Province OJK Offices always coordinate with the Papua Investment Vigilance Task Force to continue to monitor and follow up on complaints and public reports on investments that are suspected of being fraudulent,” he said.

According to Winter, some of the characteristics of fraudulent investments are the absence of a business license from an authorized institution, the lack of a basic capital and the lack of 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 investment offerings 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 where this is related to investment placement strategies. The public is also encouraged to have a better understanding of financial products or services, especially related to investment risks.

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