JAKARTA, KOMPAS.TV – The Investment Alert Task Force (SWI) has released a list of various illegal entities or fraudulent investments that are deemed to be detrimental to the public.
Most recently, SWI has blocked services from TikTok Cash and Snack Video which are suspected of using money game practices.
“We have discussed with the Snack Video management and there is an agreement to stop its activities until the permit is obtained. We ask the Ministry of Communication and Information to stop the TikTok Cash application that has the potential to harm the community,” said Investment Alert Task Force Chairman Tongam L. Tobing, launching Kompas.com.
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Both applications were blocked because of money games, they also did not have the Electronic System Operator (PSE) permit from the Ministry of Communications and Information Technology.
SWI itself asks the public not to transact with illegal private mortgages.
People who want to make transactions with pawnshops can use a pawn shop registered with the OJK.
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