New Guidelines Introduced for the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs for P2P Lending Organizers

The Financial Services Authority (“OJK”) has previously issued Regulation No.12/POJK.01/2017 and Regulation No. 23/POJK.01/2019 as its amendment (collectively referred to as “Regulation 12/2017”)[1] in the hope of improving the implementation of programs on anti-money-laundering and prevention-of-terrorism-financing (anti pencucian uang dan pencegahan pendanaan terorisme – “APU-PPT”), as well as programs that address the prevention of the financing of the proliferation of weapons of mass destruction within the financial services sector. Now, in order to provide implementing guidelines in relation to these matters for organizers of peer-to-peer lending services (“Organizers”), the OJK has issued Circular No. 6/SEOJK.05/2021 (“Circular 6/2021”).[2]