The goal of this study is to provide a legal analysis of Indonesia's law enforcement of illicit investment affiliates. By studying the appropriate legal provisions and what has occurred empirically in the field, this study employs a juridical-empirical method. Secondary legal sources are consulted. According to a review of legal sources, the affiliate or influencer who promotes the public to invest in illicit binary options violates sections of the Information and Electronic Transactions Law, the Criminal Code, and the Money Laundering Act (TPPU). According to several legal experts, affiliates or influencers who contribute material regarding gambling may be subject to Article 27 paragraph 2 of the Electronic Information and Transactions Law. Additionally, there is Article 28 paragraph 1 of the Electronic Information and Transactions Law, which criminalizes affiliates for disseminating false news that causes in financial losses for victims, who face a maximum term of 20 years.
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