Regulatory Alerts2025-04-22
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Regulation Regulating the Prevention of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction in the Dominican Securities Market, Modified by Resolution R-CNMV-2025-04-MV
The Dominican Securities Market Superintendence issued a modified regulation requiring securities market participants to implement risk-based anti-money laundering and counter-terrorist financing compliance programs. The rules mandate specific due diligence, record-keeping, and reporting obligations for central securities depositories, closed-end fund administrators, and other restricted-duty entities. Key changes include new definitions for risk factors and screening banks, as well as strict requirements for suspicious activity reporting and independent audits.
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