Versita

LAW ENFORCEMENT EFFORTS FOR ILLEGAL ONLINE INVESTMENT ENTITIES IN INDONESIA

Deni Kamaludin Yusup
Keywords: Law, Enforcement, Effort, Fintech, Illegal, Investment, Entities. ,

Abstract

The purpose of the paper is to analyze law enforcement efforts against various fraudulent acts of illegal online investment entities in Indonesia. This research uses the juridical-normative method and the data sources refer to various relevant literatures and also supported by the results of interviews with the informants related to the research objectives. The results of this study indicate that law enforcement against illegal online investment entities in Indonesia consist of three points: first, the regulatory aspect is making regulations that contain material and formal regulations for online investment providers; second, the supervision aspect is to monitor and evaluate through preventive and repressive policies towards online investment providers; and third, the law enforcement aspect is only limited to providing the sanctions in the form of revocation of business licenses and blocking of websites/portals, but there are not yet followed by the guarantees of legal protection and compensation experienced by the victims of the illegal online investment. The implication of the research is the government of Indonesia have to create the stricter regulations and sanctions for online investment providers as a deterrence effect.