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PPATK freezes more than 28,000 accounts linked to online gambling

Enforcement & compliance

Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) reportedly froze more than 28,000 bank accounts last year, with the agency saying many were used in account-trading schemes and to fund illegal gambling platforms. PPATK chief Ivan Yustiavandana said criminals also used some accounts to launder proceeds from fraud and narcotics sales.

The freezes affect access to accounts reportedly used to fund illegal gambling and related criminal activity.

Earlier fines and penalties by PPATK

DateCompanyAmountStoryAppeal status
A2Z Solusindo TeknologiUSD 16,000,000Indonesian police freeze $16m and seize assets in gambling-linked caseNot stated
Not namedUSD 36,200,000Indonesia freezes $36.2m in funds linked to online gamblingNot stated

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Regulation

OJK orders checks and freezes on 38,796 suspected gambling accounts

Indonesia’s Financial Services Authority, OJK, instructed commercial banks to strengthen checks and freeze around 38,796 accounts suspected of links to illegal online gambling, the regulator said. Banks must cross-check account holders’ identity numbers and close linked accounts where reviews identify connections. The account list rose from 38,379 in earlier reporting periods.

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