Indonesia: Compliance

Indonesia's financial regulator OJK has released draft rules establishing a comprehensive financial reporting integrity framework for fintech, digital financial assets, and crypto asset providers. The proposed regulation introduces mandatory internal controls, governance accountability measures, and significant penalties for reporting violations, extending liability beyond provider entities to directors, commissioners, controlling shareholders, and employees.

On 30 April 2026, the Minister of Manpower (“MoM”) issued MoM Regulation No. 7 of 2026 on Outsourced Work (Pekerjaan Alih Daya) ("MoM Reg. 7/2026"). The regulation implements Article 64(2) of Law No. 13 of 2003 on Manpower (“Manpower Law”), as amended by Law No. 6 of 2023, and follows up on Constitutional Court Decision No. 168/PUU-XXI/2023.

On June 30, 2026, Indonesia’s National Agency of Drug and Food Control (BPOM) issued BPOM Regulation No. 11 of 2026 on Food Packaging, which expands the list of approved food-contact substances and recognizes a broader range of permissible functions for those substances. The new regulation, which revokes BPOM Regulation No. 20 of 2019, reflects developments in packaging technology and materials science.

Know-Your-Beneficial-Owners Principle is a general requirement based on Presidential Regulation No. 13 of 2018 on Implementation of Know-Your-Beneficial-Owners Principle...

On June 5, 2025, the Government of Indonesia issued Government Regulation No. 28 of 2025 regarding the Organization of Risk-Based Business Licensing ("GR 28/2025"), which entered into force on the same date. GR 28/2025 revokes and replaces Government Regulation No. 5 of 2021 ("GR 5/2021").

In response to the current challenges of Information Technology-Based Peer-to-Peer Lending Services ("P2P Lending") business activities in Indonesia (e.g., illegal P2P providers, personal data breach...

On 15 July 2015, the Indonesian Capital Investment Coordination Board issued a circular letter on a new mechanism and procedures for Principle License applications, aimed particularly at businesses in consulting services.

On 29 June 2015, a new regulation on the procedure for employing foreign manpower (ie Minister of Manpower Regulation No. 16 of 2015) entered into force.

Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November 2015 ("RFSA 21/2015").