SANTO DOMINGO.- The Dominican Republic's Multiple Banking Association (ABA) announced that it is working on the creation of the first National Certification in Money Laundering Prevention, a pioneering initiative in the country that seeks to consolidate the culture of prevention and strengthen the technical capacities of all sectors linked to regulatory and normative compliance.
He explained that this initiative has been conceived as a reference standard applicable to the Obligated Entities contemplated in Law 155-17, both financial and non-financial, and aims to reduce asymmetries in knowledge regarding the prevention of money laundering and the financing of terrorism in the country.
He emphasized that this project "demonstrates the country's commitment to a culture of integrity and transparency, while promoting the professionalization of the actors in the system and strengthening, in the eyes of international organizations, the credibility of the fight against the problem.".
In a press release, the banking association stated that the certification will allow the different sectors to be aligned under the same conceptual and operational framework, strengthen the technical skills of compliance professionals, and raise national prevention standards.
In addition to the endorsement of the trade association, as the representative of multiple banking in the country, the training will have the support of recognized national and international entities.
In making the announcement, the ABA reaffirmed its interest in continuing to contribute to the consolidation of a more robust, ethical and reliable financial system, convinced that this effort will have a positive reputational impact both nationally and internationally.
