Financial Crimes Investigation Unit Launched in Dominican Republic

A New Era in Combating Financial Malfeasance

In a significant step towards tackling financial crimes, the Banks Superintendence, Justice Ministry, and National District Office of the Prosecutor have established the Financial Crimes Investigation Unit (FCIU) in the Dominican Republic. This new unit will be responsible for investigating and prosecuting individuals and companies involved in nationwide financial crimes.

Key Features of the FCIU

• Nationwide Jurisdiction: The FCIU will have jurisdiction over all types of financial crimes, including those that were previously difficult to prosecute due to their widespread nature.
• Leadership: National District Prosecutor Yeni Berenice Reynoso will oversee the unit’s operations and be responsible for charging and prosecuting government officials and executives of regulated financial companies who engage in financial crimes.
• Collaboration: The FCIU is a result of collaboration between the Banks Superintendence, Justice Ministry, and National District Office of the Prosecutor.

Commitment to Combating Financial Corruption

At a signing ceremony held at the Justice Ministry, key officials committed to working together to root out financial corruption. This commitment marks a significant shift in the fight against financial fraud in the Dominican Republic.

A Major Victory for Efforts to Combat Financial Crime

The establishment of the FCIU is seen as a major victory for efforts to combat financial crime in the Dominican Republic. With its nationwide jurisdiction, the unit is poised to make a significant impact on the country’s financial landscape and bring those responsible for financial malfeasance to justice.