Act No. 7 of 1992 Concerning Banking (consumer protection-related)

Indonesia

(amended through 1998)

Act No. 7 of 1992 Concerning Banking regulates banking services in Indonesia. The act promotes bank transparency, by requiring banks to provide information concerning the risk of possible losses relating to customer transactions. The act provides for the guarantee of public funds and the establishment of a Deposit Protection Institution, with mandatory bank membership, to protect depositor’s funds. It also provides for bank secrecy about bank depositors and their deposits, with certain authorized exceptions.

DISCLAIMER: The attached document is an unofficial translation of the Law No. 7 of 1992. An official translation is unavailable.