TheIKNPost.com – The Task Force for Eradicating Illegal Financial Activities or Task Force PASTI stopped the business activities of Bartle Bogle Hegarty (BBH) Indonesia and Smart Wallet which were indicated to be carrying out fraudulent activities and did not have permission from the relevant authorities.
Secretariat of the Task Force for Eradicating Illegal Financial Activities, Hudiyanto, said that the BBH Indonesia entity/application that has been circulating in Indonesia uses the name Bartle Bogle Hegarty (BBH), which is an advertising agency in England. BBH Indonesia offers part-time jobs by downloading the application provided.
Hudiyanto continued, BBH Indonesia promises daily income and then asks for deposits for its members. BBH Indonesia implements a member-get-member system and promises bonuses in stages. BBH Indonesia also uses foreign national figures in meetings held to convince its members.
“After carrying out verification, holding coordination meetings with members of the Task Force, and summoning several BBH Indonesia branch leaders, the PASTI Task Force concluded that the activities carried out by BBH Indonesia were fraudulent activities and carried out activities that were not in accordance with the permits it had as issued by the Ministry of Investment/ BKPM,” he said in a press statement, Monday (18/3).
The PASTI Task Force has taken actions including blocking access and links/URLs, blocking related account numbers, and coordinating with law enforcement officials.
The PASTI Task Force also appealed to the public to be aware of fraud using part-time job vacancies which has been very popular recently. As per the PASTI Task Force Press Release Number SP 11/STPASTI/XII/2023 dated 30 December 2023, the PASTI Task Force has found at least 12 entities offering part-time work with a deposit system.
Smart Wallet
Based on the results of investigations carried out by the Commodity Futures Trading Supervisory Agency and the Directorate General of Domestic Trade, Ministry of Trade of the Republic of Indonesia, Smart Wallet was assessed as carrying out fund-raising activities under the guise of a trading robot/expert advisor with a multi-level marketing system and does not have a license to operate in Indonesia.
“Regarding this, the Commodity Futures Trading Supervisory Agency and the Directorate General of Domestic Trade, Ministry of Trade of the Republic of Indonesia have blocked access and links/URLs from Smart Wallet in collaboration with the Ministry of Communication and Information of the Republic of Indonesia,” said Hudiyanto.
he continued, the SURE task force will take action, including blocking related account numbers and coordinating with law enforcement officials. Eradicating illegal financial activities really requires support and participation from the community, in the form of being vigilant in accepting offers from irresponsible parties.
He advised to always pay attention to two important aspects, namely Legal and Logical (2L). Legal means ensuring that the product or service offered has the proper permission from the relevant authority/institution that supervises it. Logical means always paying attention to the results or benefits offered, whether they are logical or not.