OJK: All Banks Have an Online Gambling Account Detection System
All banks have implemented systems capable of detecting accounts involved in online gambling. Some are also in the process of developing systems to identify transaction patterns related to online gambling.
This information was obtained from the Banking Business Orientation Survey (SBPO) conducted by the Financial Services Authority (OJK) for the third quarter of 2024, which was released on Monday, September 9, 2024.
According to the SBPO, in addition to independently detecting online gambling accounts, banks also play a role in combating online gambling by verifying customer data against the online gambling "watchlist" provided by OJK, the Financial Transaction Reports and Analysis Center (PPATK), or law enforcement agencies.
"If there is a match with the bank's customer data, enhanced due diligence and account blocking will be implemented," stated the SBPO report.
Banks may restrict or even revoke the access of such customers to open new accounts or obtain additional loan facilities.
Looking ahead, OJK has stated that the banking sector will continue to implement measures and strategies to strengthen the fight against online gambling, as well as develop mitigations to prevent the misuse of banking services for online gambling activities.
The SBPO also noted that banks are optimistic about better performance in the third quarter, as reflected in the Banking Business Orientation Index (IBP), which reached 68, indicating an optimistic zone.
This optimism is driven by expectations of improved economic conditions, enhanced banking intermediation functions, and the banking sector's ability to manage risks.
Confidence in the improvement of domestic macroeconomic conditions has propelled the Macroeconomic Condition Expectation Index (IKM) for the third quarter of 2024 to an optimistic level of 59.
