Saturday, October 31, 2020

Meeting anti-money laundering obligations in the Dominican Republic

Meeting anti-money laundering obligations in the Dominican Republic 1
By Olaalpha

-

Meeting anti-money laundering obligations in the Dominican Republic

Despite an economy that is among the largest in the Caribbean, the Dominican Republic (DR) has struggled to assert itself on the international financial stage because of poor regulatory controls. New regulations introduced in 2017, though, are changing the landscape. The new Anti-money Laundering and Terrorist Financing Act came into effect on 1 June 2017, replacing the existing Anti-money Laundering Act and bringing DR into line with financial crime legislation already in place in many developed nations. […]

- Advertisement -
- Advertisement -
- Advertisement -

Follow us on Twitter

Subscribe Via RSS

MUST READ

Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Must Read
Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...
Read more

FirstEnergy fires CEO, other executives over Ohio bribery scandal

Must Read
FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...
Read more

Ukraine’s court strips critical power from anti-corruption agency

Europe
Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...
Read more

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Must Read
Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...
Read more

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

Africa
The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...
Read more

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Europe

Malta’s regulator fines Lombard Bank $397,000 over money laundering breaches

Lombard Bank has been fined €340,058 for breaching anti-money laundering obligations by the Financial Intelligence Analysis Unit. The breaches were identified by the FIAU in...
Read more
Europe

Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court....
Read more
Europe

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...
Read more
News

Bank of America blocks 350,000 accounts of unemployed Californians over suspected fraud

Thousands of Californians who get their EDD benefits through Bank of America debit cards are struggling to get answers after the bank froze nearly...
Read more
Advertisement

Welcome to our News Portal about Corruption, Bribery, Money Laundering, Fraud and other Financial Crimes. Latest and Breaking News from Every Corner of the World.

© Copyright - FCCED 2020

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks