The Dominican Republic has an advanced legislative system in terms of compliance since the enactment of the Law against Money Laundering and Financing of Terrorism No. 155-17 and its regulations and standards, based on the recommendations of the Financial Action Task Force (FATF). This regulation has introduced new rules to the Dominican commercial practice, among which we can highlight the implementation of the Prevention Manual, Code of Ethics, risk matrix and due diligence processes (Know Your Client). The Regulated Entities created by this law are under the obligation to present and maintain a compliance program that includes detailed policies and procedures, which introduces challenges and will require extensive planning for the establishment of clear policies and procedures, as well as continuous training of the staff.
Our clients receive advice from a team with experience in the implementation of tools designed with consideration for the particularities and culture of each company, its industry, as well as the business scheme itself. JP has a team trained with knowledge of the most relevant aspects for the implementation of a compliance program in accordance with national and international practices and adjusted to the client’s business and operation.
Av. Winston Churchill 1099, Citi Tower, Piso 14
Santo Domingo, DN. 10148 República Dominicana
809-955-2727
Blvd. 1ro de Noviembre esq. Amapola, Belanova Building,
Local 312, Puntacana Village, Punta Cana, República Dominicana
809-831-5125
