President Danilo Medina sent to Congress a bill that would make amendments to controls on asset laundering in the Dominican Republic, in compliance with international conventions. The bill changes Law 72-02 on Assets Derived from Illicit Trafficking in Drugs and other Serious Infractions.
The Presidency Minister Gustavo Montalvo said the norms seek to comply with 40 recommendations made by the Financial Action Task Force (FATF or GAFI in Spanish), as well as to designated non-financial businesses and professions, and the capacity to freeze assets of international terrorists identified by the United Nations.
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Noticias SIN
FATF-GAFI
13 February 2017
