Dominican Republic Takes Aim at Financial Crime Prevention with New Measures
Santo Domingo, Dominican Republic - As the country continues to grapple with issues of citizen safety and crime, President Luis Abinader has announced a series of measures aimed at preventing financial crimes in the Dominican Republic.
Focus on Generating Life Opportunities among Young People
The new measures will focus on generating life opportunities among young people by promoting employment, sports, and culture. This will be achieved through a combination of programs and initiatives designed to reduce crime rates and improve economic prospects for Dominican youth.
- Promoting employment opportunities
- Encouraging sports and cultural activities
- Reducing crime rates
- Improving economic prospects for young people
Strengthening Control over Arms and Drug Trafficking
In addition, Abinader’s administration has pledged to implement a strategy to deter crime, ending the regime of impunity and corruption, and strengthening control over arms and drug trafficking.
- Comprehensive police reform
- Salary increases for officers (at least $500 per month)
- Improved cooperation with international authorities
Budget Allocation for Citizen Insecurity
The government has also allocated a significant portion of its budget to combat citizen insecurity, with RD$417 million earmarked for “Prevention Activities Focused on Vulnerable Sectors.”
Addressing the Root Causes of Crime
Despite efforts to combat crime, it remains a major concern in the Dominican Republic. In 2019, a total of 1,026 homicides were registered, and 228 violent deaths were reported in the first quarter of 2020.
President Abinader has emphasized the need for a comprehensive plan to combat crime, citing the importance of addressing its root causes. He highlighted the need to promote employment, sports, and culture among young people as a way to reduce crime rates and improve overall citizen safety.
Impact on Reducing Financial Crimes
The new measures are expected to have a significant impact on reducing financial crimes in the Dominican Republic, and will be closely monitored by authorities and international organizations alike.