FATF: DOMINICAN REPUBLIC AML/CFT ASSESSMENT FOLLOW-UP REPORT

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.

http://www.fatf-gafi.org/media/fatf/documents/reports/fur/GAFILAT-FUR-Dominican-Republic-2019.pdf

dom rep

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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