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
