Indonesia’s central bank has for the first time issued a regulation designed to deal with financial technology (“fintech”) in general. Bank Indonesia (“BI”) Regulation Number 19/12/PBI/2017 regarding the Provision of Financial Technology, dated November 30, 2017 (“Reg. 19/2017”), was made public by BI on December 7. The stated aim of Reg. 19/2017 is to regulate … Indonesian Central Bank Regulates Financial Technology
Article 28(G) of the 1945 Constitution is considered as the basis for more specific data privacy legislation in Indonesia. Article 28(G) provides that every person has the right to: (i) protection of their personal selves, families, respect, dignity and possessions under their control; and (ii) security and protection from threat of fear for doing, or … Data Protection in Indonesia
Denny Rahmansyah, a partner at SSEK, has contributed chapters on data protection and privacy in Indonesia as part of the Data Protection Global Guide 2017/18. The guide is published by Thomson Reuters Practical Law. Denny provides an overview of data protection and privacy rules and principles in Indonesia. Among the issues covered are the obligations of … SSEK Contributes Indonesia Chapter to Data Protection Global Guide
SSEK was asked to speak at the Techonomy Master Class 2017 organized by the Business Law Society at the University of Indonesia Faculty of Law. The theme of the event was “Privacy and Security Concerns in Cloud Computing.” SSEK gave a presentation on data protection regulation in Indonesia and the legal aspects of cloud computing … SSEK Speaks at Master Class on Legal Aspects of Cloud Computing in Indonesia
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Data Breaches A data breach involving a financial institution in Indonesia does not trigger an immediate reporting requirement to the relevant authority. Instead, periodical reports on consumer complaints and further services and settlements provided to such consumers must be made to the Financial Services Authority (OJK) or … Data Protection in Indonesia: Breaches and Marketing
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Banks in Indonesia are subject to bank secrecy/confidentiality obligations grounded in Law No. 7 of 1992 regarding Banking, as lastly amended by Law No. 10 of 1998 (Banking Law). Under the Banking Law, banks and their affiliates are required to keep confidential information regarding its depositing customersas … Bank Secrecy and Data Protection in Indonesia
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum The Indonesian Minister of Communication and Informatics (MOCI) issued Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems (MOCI Reg. 20) to regulate the protection of personal data by electronic system providers in Indonesia. This regulation strengthens existing data protection obligations (e.g., … Data Protection in the Indonesian Financial Services Sector
Bank Indonesia (BI) has issued a circular letter on licensing procedures and requirements related to payment system transactions in Indonesia. BI Circular Letter No. 18/41/DKSP regarding the Implementation of Payment Transaction Processing, dated December 30, 2016 (the Circular Letter), is an implementing regulation for BI Regulation No. 18/40/PBI/2016 on the Implementation of Payment Transaction Processing … Bank Indonesia Issues Rules for Payment System Service Providers
Many retail transactions today are conducted through websites or mobile applications – in other words, they are digitalized. Business actors in Indonesia often raise the question whether there are any Indonesian legal restrictions on digitalizing their businesses through websites or mobile applications. There is no specific Government of Indonesia (GOI) law or regulation that deals … Indonesian Legal Review: E-Commerce
Continued growth in electronic transactions has resulted in electronic signatures, or e-signatures, becoming more common in daily transactions. In this article we discuss the use and applicability of e-signatures in Indonesia and the relevant regulations under Indonesian law. Introduction and definition E-signatures were unregulated in Indonesia until the enactment of Law No. 11 of 2008 … Indonesian Rules on E-Signatures
