TL;DR
**Indonesia's Financial Services Authority (OJK) has issued new regulations governing the employment of foreign workers (Tenaga Kerja Asing/TKA) in the **
The Facts
Indonesia's Financial Services Authority (OJK) has issued new regulations governing the employment of foreign workers (Tenaga Kerja Asing/TKA) in the banking sector. The regulation mandates mandatory knowledge transfer from foreign employees to local Indonesian counterparts, reinforcing the government's broader policy of skills localization in strategic financial institutions. This directive aligns with existing Manpower Law (UU No. 13/2003) and OJK's supervisory mandate over banking operations.
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