FATF on 11th September published the August 2019 follow-up report to the AML/CFT assessment of the Dominican Republic following its 2018 mutual evaluation report. Recommendation 18 (Internal controls and foreign branches and subsidiaries) has been re-rated from Partially Compliant to Largely Compliant. The Dominican Republic will continue in the enhanced follow-up process and will continue to report to GAFILAT (the FATF-style regional body) on the progress made to strengthen its implementation of AML/CFT measures.
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