Crackdown on Money Laundering: Dominican Republic’s Public Ministry and US Embassy Join Forces
The Dominican Republic’s Public Ministry (PGR) and the US Embassy have joined forces to strengthen their collaboration in the fight against money laundering and related crimes.
Significant Alliance between PGR and US Embassy
Given the escalating challenge of money laundering, the signing of an agreement between the PGR and the US Embassy marks a monumental step in the ongoing battle against financial crimes. This collaboration aims to enhance the Dominican Republic’s efforts in combating transnational organized crime and corruption.
- Attorney General Miriam Germán Brito (left) and Charge d’Affaires Patricia Aguilera signing the agreement.
Image source: Dominican Today
Interinstitutional Task Force against Money Laundering (FTLA)
The Public Ministry has created a multidisciplinary team, the Interinstitutional Task Force against Money Laundering (FTLA), to tackle these issues. The FTLA comprises the following institutions:
- National Police
- National Drug Control Directorate (DNCD)
- General Directorate of Customs (DGA)
- General Directorate of Internal Taxes (DGII)
- Superintendence of Banks
- Financial Analysis Unit (UAF)
- Treasury Social Security (TSS)
- National Investigation Directorate (DNI)
Providing Technical Assistance and Training
The US Embassy has pledged to provide technical assistance, expertise, and training to the FTLA to help them pool resources, intelligence, and expertise.
Attorney General Miriam Germán Brito and Charge d’Affaires Patricia Aguilera of the US Embassy signed the agreement in a recent ceremony. The FTLA collaboration is expected to yield fruitful results in the shared quest for a cleaner and more transparent financial system.
combating Money Laundering - A Commitment to International Cooperation
This high-profile alliance between the Dominican Republic and the United States underscores both nations’ dedication to international cooperation in combating financial crimes. Furthermore, it illustrates their commitment to fostering a safer society for their citizens.
Dominican Republic’s Reputation and Financial Integrity
The agreement comes at a critical time as the Dominican Republic has been identified as a potential zone of concern for money laundering activities. This cooperative initiative is seen as an essential step towards improving the country’s reputation and ensuring its financial integrity in the global arena.
Quote from Attorney General Miriam Germán Brito:
“Through this collaboration, we can pool our resources, intelligence, and expertise to fight transnational organized crime and corruption, making the Dominican Republic a less attractive destination for illicit financial activities.”