Dominican Republic Sees Rise in Financial Crimes, UAF Reports Show

Growing Trend of Financial Crimes in the Dominican Republic

The Financial Analysis Unit (UAF) of the Dominican Republic has released a report highlighting the increasing trend of financial crimes in the country. According to the report, 42 potential financial crimes were identified, including tax evasion, money laundering, and illicit drug trafficking.

Common Types of Financial Crimes

• Tax Offenses: 45.71% of cases
• Unjustified Enrichment: 31.43%
• Money Laundering: 17.14%

Red Flags Identified by the UAF

• Large transactions involving unreported cash (58.62%)
• Investments from unknown sources for property acquisitions (6.90%)

Sectors Contributing to Financial Crimes

• Vehicle dealers, concessionaires, construction companies, and real estate firms: 79.61% of Suspicious Operation Reports
• Casinos, lottery, and betting banks sectors: 99.51% of Cash Transaction Reports