Marcell Sihombing, Fathan Qorib/ANT

OJK's Office. Photo by: RES.
The Financial Services Authorities (OJK), an institution responsible for overseeing Indonesia's financial industry, is claiming to have implemented an internal anti-gratification mechanism even more advanced than that introduced by the Corruption Eradication Commission (KPK).
“We must maintain trust, as we are mandated to oversee an industry with total assets and capital amounting to IDR 11,ooo trillion ,” asserted Ilya Avianti, the Head of OJK’s Board of Auditors, in Jakarta on Tuesday, 12 January 2016.
Mrs. Avianti revealed that the OJK had been cooperating with the KPK in order to establish and implement a comprehensive gratification control mechanism among its employees. Through this system of gratification control, employees, as well as their families and affiliated relatives, are prohibited from accepting gratuities from all parties, as this may conflict with the OJK’s supervisory and regulatory functions.
“We have prohibited our employees and their affiliated relatives, including even foster parents and foster child, from involving themselves in graft. In contrast, the KPK’s policy only applies to employees and their immediate families,” asserted Mrs. Avianti.
Following the effective implementation of this gratuity control mechanism in November 2015, seven OJK employees have already reported gratuities amounting to around IDR 24 million to the OJK’s Board of Auditors. At present, these reports are being investigated by the OJK. “Several OJK employees have already reported receiving a number of gifts. We will assess whether these gifts constitute gratuities or not,” stated Mrs. Avianti.
In addition to the OJK’s new anti-gratification mechanism, Mrs. Avianti stated that the OJK had also implemented a whistle-blowing system (WBS) in April of 2015. Since then, 77 WBS reports have been filed. These reports mostly contain complaints relating to the OJK’s service, performance and ethics. As of the present however, no reports have yet been filed accusing any OJK employees of acts of fraud.
A final mechanism implemented by the OJK is its anti-fraud system. This system, according to Mrs. Avianti, focuses on the dissemination of information, as well as on the early detection of possible acts of fraud engaged in by OJK employees.
Mrs. Avianti explained that the OJK was also aiming to strengthen its combined assurance system in 2016. The system encompasses three-stages of internal supervision, namely supervision by a special working unit, the Directorate of Risk Management and Quality Control, as well as the Board of Auditors and External Auditors.
“This year, the OJK is focusing on strengthening its integrity, while next year we will focus on strengthening OJK governance,” asserted Mrs. Avianti.
(rfs/sp)
Marcell Sihombing, Fathan Qorib/ANT

OJK's Office. Photo by: RES.
The Financial Services Authorities (OJK), an institution responsible for overseeing Indonesia's financial industry, is claiming to have implemented an internal anti-gratification mechanism even more advanced than that introduced by the Corruption Eradication Commission (KPK).
“We must maintain trust, as we are mandated to oversee an industry with total assets and capital amounting to IDR 11,ooo trillion ,” asserted Ilya Avianti, the Head of OJK’s Board of Auditors, in Jakarta on Tuesday, 12 January 2016.
Mrs. Avianti revealed that the OJK had been cooperating with the KPK in order to establish and implement a comprehensive gratification control mechanism among its employees. Through this system of gratification control, employees, as well as their families and affiliated relatives, are prohibited from accepting gratuities from all parties, as this may conflict with the OJK’s supervisory and regulatory functions.
“We have prohibited our employees and their affiliated relatives, including even foster parents and foster child, from involving themselves in graft. In contrast, the KPK’s policy only applies to employees and their immediate families,” asserted Mrs. Avianti.
Following the effective implementation of this gratuity control mechanism in November 2015, seven OJK employees have already reported gratuities amounting to around IDR 24 million to the OJK’s Board of Auditors. At present, these reports are being investigated by the OJK. “Several OJK employees have already reported receiving a number of gifts. We will assess whether these gifts constitute gratuities or not,” stated Mrs. Avianti.
In addition to the OJK’s new anti-gratification mechanism, Mrs. Avianti stated that the OJK had also implemented a whistle-blowing system (WBS) in April of 2015. Since then, 77 WBS reports have been filed. These reports mostly contain complaints relating to the OJK’s service, performance and ethics. As of the present however, no reports have yet been filed accusing any OJK employees of acts of fraud.
A final mechanism implemented by the OJK is its anti-fraud system. This system, according to Mrs. Avianti, focuses on the dissemination of information, as well as on the early detection of possible acts of fraud engaged in by OJK employees.
Mrs. Avianti explained that the OJK was also aiming to strengthen its combined assurance system in 2016. The system encompasses three-stages of internal supervision, namely supervision by a special working unit, the Directorate of Risk Management and Quality Control, as well as the Board of Auditors and External Auditors.
“This year, the OJK is focusing on strengthening its integrity, while next year we will focus on strengthening OJK governance,” asserted Mrs. Avianti.
(rfs/sp)