Financial Crime Investigation Techniques Take Center Stage in Dominican Republic

The Dominican Republic’s Financial Intelligence Unit (FIU) has been at the forefront of tackling financial crimes by receiving, analyzing, and investigating suspicious transactions. Established by law in 2000, the FIU plays a vital role in gathering and disseminating information on suspected proceeds of crime, money laundering, and terrorist financing.

The History and Mandate of the FIU

• Established by law in 2000
• National agency for gathering and disseminating information on suspected proceeds of crime, money laundering, and terrorist financing
• Serves as a crucial tool in preventing financial crimes

From Ministry to Ministry: Evolution of the FIU

In 2001, the FIU transitioned from being a unit within the Ministry of Finance to becoming an independent agency. In 2015, it was transferred to the Ministry of Justice, Immigration, and National Security.

International Recognition and Cooperation

• Member of the Egmont Group since 2003
• Global standard setting body for financial intelligence units
• Works closely with international partners and organizations to ensure adherence to best practices in financial crime investigation