The Ministry of Finance and Economy (MHE) and the Financial & International Business Association (FIBA) signed a collaboration agreement that strengthens the Money Laundering and Terrorism Financing Prevention System in gambling by promoting Anti-Money Laundering certifications (AMLCA-Games of Chance) for the main players in this sector.
The agreement was signed by the Minister of the MHE, Magín Díaz, and the executive director of FIBA, David Schwartz, who agreed on the need for this alliance to prevent crimes of this type in games of chance (casinos, lottery banks, sports betting and electronic lottery concessionaires, among others).
With this collaboration, which is part of a broad MHE strategy on the matter, the capacity of the State is strengthened and it is promoted that the front-line entities in this area have trained and duly certified personnel.
In this sense, FIBA will contribute its recognized international experience to establish together with the MHE, through the Directorate of Casinos and Games of Chance, an Anti-Money Laundering Certification program (AMLCA-Games of Chance) with a focus on the Dominican Republic aimed at officials of the institution, gaming operators and all obligated subjects in this sector.
Executive Director of FIBA, David Schwartz and the Minister of Finance and Economy, Magín Díaz together with Vice Minister of the Treasury and Heritage, Derby De Los Santos_ the Chief of Staff, Romeo Ramlakhan, among others
For this, the link between FIBA and Florida International University (FIU) will be used as essential entities for training and increasing the capabilities of human resources.
The agreement is part of the implementation of Resolution no. 217-2025, regulations that establish the mandatory requirement of suitability and certified training for Compliance Officers with the objective of standardizing the skills of Dominican professionals with the standards required internationally and by correspondent banking, facilitating access to high-level certifications that validate the Risk-Based Approach (RBA) for the prevention of money laundering required by the State.
With this alliance, the country’s vulnerability to evaluations by international organizations such as those carried out by the Latin American Financial Action Group (GAFILAT) is reduced, since beyond training, the State’s anti-money laundering defense architecture is strengthened.
This alliance is part of the institutional strengthening policy carried out by the Ministry in collaboration with global organizations to ensure that the regulated sector has options of excellence to guarantee its professionalization and legal compliance.
At the activity, Minister Díaz was accompanied by the Vice Minister of Treasury and Heritage, Derby De Los Santos; the Chief of Staff of the Ministry, Romeo Ramlakhan and Claudia Álvarez, director of Casino and Games of Chance, among others.
About FIBA
FIBA is an internationally recognized non-profit association, a leader in financial education, regulatory compliance and specialized conferences.
Its AMLCA program, developed in collaboration with Florida International University (FIU), offers a solid base of knowledge in prevention of money laundering and countering the financing of terrorism, with updated content aligned with global regulatory changes.
