Law on Money Laundering (No. 72-02)

Dominican Republic


The provisions of this Law have been enacted in order to define the activities that may be contemplated as laundering of assets arising from criminal activities; establish the mechanisms crucial for the prevention and detection of asset laundering (like know your customer provisions); create an entity that would coordinate the public sector’s efforts towards avoiding the use of our economy for asset laundering; and provide the legal framework through which local authorities shall provide international ju­dicial assistance.