On Monday, 15 January 2018, President Danilo Medina ordered government officials to focus efforts so that the country will achieve a satisfactory evaluation from the International Finance Action Group of Latin America (GAFILAT). Medina held a meeting with members of his cabinet on the matter to listen to advances made in the implementation of the rulings of Law 155-17 along with its regulations as well as the sectoral norms issued following the enactment of the law. Medina asked the officials not only to achieve a satisfactory evaluation but also to double their efforts to keep making progress.
The country has spent more than two years preparing for the assessment, under the coordination of the Ministry of the Hacienda and Financial Analysis Unit (UAF), in their role as president and technical secretary of the National Committee against Money Laundering and the Financing of Terrorism (Conclafit). To receive positive grades from GAFILAT, the government must show advances in promoting effective public-private cooperation in the development of robust protocols in financial transaction monitoring and transparency, among other measures.
Hacienda Minister Donald Guerrero said that the government had decided that the Dominican Republic should set the example for the fight against money laundering.
Those present at the meeting were Minister of the Presidency, Gustavo Montalvo, Defense Minister, Lieutenant General Paulino Sem; Attorney General Jean Alain Rodríguez; Banking Superintendent Luis Armando Asunción; Commercial Papers Superintendent Gabriel Castro, and Insurance Superintendent Euclides Gutiérrez. Also present were DNCD director, Vice Admiral Edmundo Félix; the president of the National Drug Council, retired General Guerrero Peralta; deputy minister of Development Policies, Juan Ariel Jiménez, and the director of the Financial Analysis Unit, Wendy Lora.
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Listin Diario
17 January 2018
