OJK Issues Guidelines for the Implementation of Risk-Based Anti-Money Laundering and Counter-Terrorism Financing Programs for Information Technology-Based Crowdfunding Service Providers

The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has issued Circular No. 17/SEOJK.04/2022 on Guidelines for the Implementation of Anti-Money Laundering and Counter-Terrorism Financing Programs for Information Technology-Based Crowdfunding Service Providers (“Circular 17/2022”), as originally mandated under Regulation of the OJK No. 57/POJK.04/2020 on Securities Offerings Through Information-Technology-Based Crowdfunding Services (“Regulation 57/2020”)[1], as amended by Regulation of the OJK No. 16/POJK.04/2021 (“Regulation 16/2021”)[2].[3]

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