Best Financial Services Regulation Lawyers in Surabaya

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English
MSP (Ma'ruf Syah & Partners) Medico Legal is a distinguished Indonesian law firm specializing in providing comprehensive legal services to the healthcare sector. The firm offers expert guidance on a wide range of legal issues affecting medical professionals and institutions, including patient data...
Ronny Indrawan & Associates
Surabaya, Indonesia

English
Ronny Indrawan & Associates, based in Surabaya, East Java, is a distinguished law firm specializing in business law. The firm is committed to delivering professional legal services with a focus on prompt, precise, and accurate solutions for clients. Upholding values of truth, integrity, and...
FADHLI & CO. LAW OFFICE
Surabaya, Indonesia

English
FADHLI & CO. LAW OFFICE is an independent law firm in Indonesia, founded by Muhammad Fadhli, S.H., an alumnus of Universitas Trisakti Jakarta. The firm offers comprehensive legal services and consultations to a diverse clientele, including individuals and corporations. With extensive experience in...

Founded in 2022
English
Ramanda International Consulting Firm Cab. Surabaya is a distinguished law firm based in Surabaya, Indonesia, renowned for its comprehensive legal services and commitment to excellence. The firm offers a wide range of legal solutions tailored to meet the diverse needs of its clients, ensuring...
Martin Suryana & Associates
Surabaya, Indonesia

Founded in 2007
English
Established on August 23, 2007, Martin Suryana & Associates is a prominent law firm based in Surabaya, Indonesia, renowned for its comprehensive legal services. With over a decade of experience, the firm offers both litigation and non-litigation assistance, specializing in areas such as business...
RAS LAW OFFICE
Surabaya, Indonesia

English
RAS LAW OFFICE, based in Tenggarong, East Kalimantan, Indonesia, offers comprehensive legal services across various practice areas, including bankruptcy and suspension of debt payment obligations (PKPU), corporate law, civil, and criminal law. The firm's team of experienced legal professionals is...
Japar & Associates
Surabaya, Indonesia

Founded in 2012
1 people in their team
Indonesian
English
" JAPAR & ASSOCIATES" is a law office that was established with the aim of providing the best legal services to the public, both companies and individuals.With a strong commitment and great responsibility in handling various legal issues, it has made "JAPAR & ASSOCIATES" gain the trust of...
IMAM SUJONO & PARTNERS
Surabaya, Indonesia

Founded in 2017
99 people in their team
Indonesian
IMAM SUJONO & PARTNERSLeading Professional Legal Services SolutionsCorporate and Commercial Law Practice has rapidly grown and strengthened the firm’s reputation. Assisting various impressive names in business, the Corporate and Commercial practice has been gaining its own exceptional...
SIP Law Firm
Surabaya, Indonesia

Founded in 2011
English
Established in 2011 by Safitri H. Saptogino and Zubaidah Jufri, SIP Law Firm has evolved into a prominent full-service legal practice in Indonesia. The firm offers expertise across various domains, including litigation and dispute resolution, bankruptcy and insolvency, medical and healthcare,...
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About Financial Services Regulation Law in Surabaya, Indonesia

Financial Services Regulation in Surabaya, Indonesia, is primarily guided by national laws and regulations. These laws are designed to ensure the stability and integrity of the financial system, protect consumers of financial services, and prevent financial crimes such as money laundering and fraud. The key regulatory body responsible for overseeing financial services in Indonesia is the Financial Services Authority (Otoritas Jasa Keuangan or OJK). It is tasked with regulating banks, insurance companies, pension funds, and other financial institutions to maintain confidence in the financial sector.

Why You May Need a Lawyer

Legal assistance is often required in several situations concerning Financial Services Regulation, such as:

- Navigating compliance issues with financial institutions.

- Understanding and implementing complex regulations impacting businesses.

- Resolving disputes with financial service providers.

- Securing investor protection and managing investment risks.

- Responding to investigations or audits conducted by regulatory authorities like the OJK.

- Structuring financial products and transactions adhering to local and international laws.

Local Laws Overview

Several key aspects of local laws are particularly relevant to Financial Services Regulation in Surabaya:

- Banking Regulations: Governed by the Indonesian Banking Law, which sets out the licensing and operational requirements for banks.

- Capital Markets Law: Regulates public offerings, trading of securities, and the legal responsibilities of market players.

- Consumer Protection Laws: Ensures the rights of consumers in financial services transactions are protected against exploitation and deception.

- Anti-Money Laundering (AML) Laws: Mandates financial institutions implement AML procedures to prevent financial crimes.

- Insurance Regulation: Specific requirements and compliance guidelines for insurance companies to safeguard policyholders' interests.

Frequently Asked Questions

1. What is the role of the Financial Services Authority (OJK)?

The OJK is responsible for regulating and supervising the financial services sector in Indonesia, including banks, securities companies, and insurance firms, to ensure transparency, accountability, and protection of consumer interests.

2. What should I do if I have a grievance against my bank in Surabaya?

Begin by contacting the bank's customer service department. If unresolved, escalate the issue to the OJK, which handles disputes between consumers and financial institutions.

3. Can foreigners open bank accounts in Surabaya?

Yes, foreigners can open bank accounts in Surabaya, provided they present the necessary documentation such as a passport, visa, and proof of residence.

4. What are the penalties for non-compliance with financial regulations?

Penalties can range from fines and sanctions to revocation of licenses, depending on the severity and nature of the violation.

5. What laws protect investors in Indonesia?

Investor protection is primarily regulated under the Capital Market Law, which ensures fair practice and aims to prevent securities fraud.

6. How are insurance claims regulated?

Insurance claims are regulated under the Insurance Law, which mandates prompt and fair processing of claims by insurance providers.

7. What is the process for registering a new financial service business?

Registration involves applying for relevant licenses from the OJK, providing business and financial plans, and meeting capital requirements.

8. Are there specific regulations for Islamic banking in Surabaya?

Yes, Islamic banking regulations in Indonesia ensure that products and services comply with Sharia law, including restrictions on interest and certain types of investment.

9. How can one report a suspected money laundering activity?

Reports can be made to the Indonesian Financial Transaction Reports and Analysis Center (PPATK), which investigates suspicious financial transactions.

10. What documentation is needed for large financial transactions?

Documentation may include proof of source of funds, identification, and additional documents as required by the financial institution and international and local regulations.

Additional Resources

For further assistance and detailed information, consider reaching out to the following organizations and resources:

- The Financial Services Authority (OJK): Offers guidance on rules and regulations affecting financial services in Indonesia.

- Indonesian Financial Transaction Reports and Analysis Center (PPATK): Focuses on anti-money laundering initiatives.

- Local legal experts specializing in financial services regulation for personalized legal advice.

Next Steps

If you require legal assistance in Financial Services Regulation, consider the following steps:

1. Identify your specific legal needs: Clearly outline the issue or guidance required related to Financial Services Regulation.

2. Consult with a local lawyer: Seek out a legal expert in Surabaya with experience in financial legislation to get tailored advice.

3. Gather necessary documents: Prepare any relevant documents that pertain to your legal issue for a more efficient consultation.

4. Stay informed: Keep updated with legal changes and news in the financial sector to proactively manage potential legal challenges.

Lawzana helps you find the best lawyers and law firms in Surabaya through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Surabaya, Indonesia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.