Pinjol Companies Sanctioned: Licenses Revoked
- Indonesia's Financial Services Authority (OJK) has sanctioned two peer-to-peer (P2P) lending companies, PT Dana syariah Indonesia (DSI) and PT Crowde Pembangunan bangsa (CMB), in october 2025. the most...
- The decisions where announced by Agusman, Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Services Institutions (PVML) at the OJK, during...
- PT Crowde Pembangunan Bangsa (CMB) faced a especially serious consequence: revocation of its business license (CIU).
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OJK Revokes Licenses of Two P2P Lending Platforms: DSI and CMB
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Indonesia’s Financial Services Authority (OJK) has sanctioned two peer-to-peer (P2P) lending companies, PT Dana syariah Indonesia (DSI) and PT Crowde Pembangunan bangsa (CMB), in october 2025. the most severe penalty, business license revocation, was issued to CMB following allegations of fraud.
Key Details of the Sanctions
The decisions where announced by Agusman, Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions and Other Financial Services Institutions (PVML) at the OJK, during the October 2025 monthly Board of Commissioners Meeting (RDKB) press conference. The sanctions reflect the OJK’s commitment to maintaining stability and public trust within the rapidly growing P2P lending sector.
Crowde Pembangunan Bangsa (CMB) and Fraud Allegations
PT Crowde Pembangunan Bangsa (CMB) faced a especially serious consequence: revocation of its business license (CIU). This action stems from a lawsuit filed by PT Bank JTrust Indonesia Tbk. (BCIC), also known as J Trust Bank, alleging fraudulent activities. The bank accused CMB of misrepresenting data and engaging in practices that harmed its interests. J Trust Bank’s official website provides further information about the bank’s operations and legal proceedings.
The OJK’s decision to revoke CMB’s license underscores the severity of the allegations and the regulator’s zero-tolerance policy towards fraudulent behavior in the financial sector. Revocation effectively shuts down CMB’s operations, preventing it from offering P2P lending services.
PT Dana Syariah Indonesia (DSI) – Details of the Sanction
While the details surrounding the sanctions against PT Dana Syariah Indonesia (DSI) are less publicly detailed than those concerning CMB,the OJK imposed sanctions indicating regulatory non-compliance. The specific nature of these violations has not been fully disclosed, but they were deemed notable enough to warrant regulatory action. The OJK’s official website is the primary source for information on regulatory actions and sanctions.
The Growing P2P Lending Sector in indonesia
Indonesia’s P2P lending industry has experienced rapid growth in recent years, offering choice financing options for individuals and small businesses. Though, this growth has also brought increased scrutiny from regulators due to concerns about consumer protection, data security, and potential financial risks. According to Statista, the total loan volume in Indonesia’s P2P lending sector reached IDR 63.