Bank Indonesia Freezes 7,500 Bank Accounts

A massive crackdown on illegal gambling networks is underway in Indonesia, with Bank Indonesia freezing 7,500 bank accounts.

These accounts have been flagged for suspected involvement in online gambling, a prohibited activity under Indonesian law.

Discover how the government’s decisive measures, including AI-based monitoring and influencer investigations, aim to dismantle illegal gambling operations.

Stay informed on how Indonesia is reshaping its approach to combat illegal gambling activities across financial and digital platforms.

Bank Indonesia Freezes 7,500 Accounts Linked to Online Gambling Crackdown

Bank Indonesia Targets Online Gambling Networks with Sweeping Account Freezes

In a bold move against illegal gambling, Bank Indonesia (BI) has frozen 7,500 bank accounts suspected of facilitating online gambling activities. Account holders can no longer withdraw funds or access these accounts, as authorities intensify efforts to dismantle illegal operations.

Deputy Governor Juda Agung emphasized the importance of vigilance, stating: “Payment service providers, both banks and non-banks, must have fraud detection systems to identify accounts used for online gambling transactions and other fraud.”

This marks a significant escalation in Indonesia’s fight against illegal gambling, which is prohibited for both citizens and foreigners.

Government Leverages Technology to Curb Online Gambling

The Indonesian government is employing advanced artificial intelligence systems to detect and block websites associated with illegal gambling. This proactive approach is complemented by inter-agency collaboration involving the Financial Services Authority (OJK) and the Financial Transaction Reports and Analysis Center (PPATK).

Since October 20, authorities have removed 380,000 pieces of online gambling content, underscoring their commitment to eradicating these platforms.

The crackdown extends beyond financial systems, with Meutya Hafid, the Minister of Communication and Digital Affairs, announcing a restructuring within the ministry. This overhaul follows the arrest of ten officials accused of accepting bribes from online gambling operators.

Influencers Under Investigation for Promoting Online Gambling

Adding another dimension to the crackdown, the Indonesian National Police has launched investigations against 85 social media influencers accused of promoting online gambling.

Commissioner General Wahyu Widada revealed that the creation of the Online Gambling Eradication Task Force on November 5 has intensified efforts to track and penalize individuals contributing to the proliferation of illegal gambling.

Evidence suggests some influencers had previously promoted gambling websites, even if these sites are no longer operational. Authorities are relying on testimonies and digital footprints to build cases against the suspects.

The Larger Battle Against Illegal Gambling

Indonesia’s tough stance on gambling is rooted in strict legal and cultural frameworks that outlaw both physical and online gambling. These recent measures reflect the government’s determination to address the societal and financial risks associated with illegal gambling activities.

The freezing of accounts and investigation into high-profile influencers indicate a multi-pronged approach aimed at cutting off funding channels, reducing visibility, and dismantling networks.

Indonesia’s decisive actions, including freezing 7,500 bank accounts and investigating 85 influencers, demonstrate a robust commitment to eradicating illegal online gambling. With advanced AI monitoring systems, stricter financial oversight, and a government-wide collaboration, the country is setting a strong precedent in combating gambling-related fraud.

However, the success of these efforts hinges on continued vigilance and collaboration between regulatory bodies, financial institutions, and technology platforms. Indonesia’s comprehensive strategy serves as a blueprint for nations grappling with similar challenges in the digital age.