Day: April 8, 2022

Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia

Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia Limitation Activity and the Obligation Report of the Overseas Bank Representative Office in Indonesia

“The Overseas Bank Representative Office in Indonesia has limited activities, only as a liaison between the bank overseas and its customer in Indonesia. Furthermore, in conducting its activities, there are some mandatory reports to the OJK.“ The Financial Services Authority (“Otoritas Jasa Keuangan/OJK“), through their website, mentioned that currently, there are 25 (twenty-five) OverseasBank Representative […]