{ "jurisdiction_id": "DO", "jurisdiction": "Dominican Republic", "url": "https://payments.gi/jurisdictions/dominican-republic/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 71, "source_register": 130 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/dominican-republic/#w1a-licensing-authorisation-market-access", "standing_position": "The BCRD is lead regulator and operator of SIPARD, governed by the Monetary and Financial Law and the Reglamento de Sistemas de Pago; no codified instant-payments statute yet exists; reform of the Reglamento is under exploration.", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "http://www.sice.oas.org/investment/NatLeg/RDM/Co_MonetFin_s.pdf", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/normas_vigentes/Reglamento-SIPARD-22-05-2025.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "regulation (Reglamento de Sistemas de Pago)", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/normas_vigentes/Reglamento-SIPARD-22-05-2025.pdf", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "regulatory amendment", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "market/regulatory guidance", "source": "https://www.trade.gov/country-commercial-guides/dominican-republic-financial-services", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "market structure", "source": "https://www.trade.gov/country-commercial-guides/dominican-republic-financial-services", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "regulatory update", "source": "https://www.trade.gov/country-commercial-guides/dominican-republic-financial-services", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "3", "retrieved_at": null } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Financial-consumer conduct governed by the Reglamento de Protección al Usuario (2015), enforced via SB's ProUsuario; a World-Bank-assisted overhaul was published for consultation March 2026.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-i-derechos-de-los-usuarios-de-los-productos-y-servicios-financieros/", "source_url": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-i-derechos-de-los-usuarios-de-los-productos-y-servicios-financieros/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "supervisory instructivo", "source": "http://www.presidencia.gob.do/noticias/superintendencia-de-bancos-instruye-entidades-financieras-ofrecer-informacion-mas-clara-y", "source_url": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "consultation/regulatory reform", "source": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_url": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "supervisory circular", "source": "https://www.sb.gob.do/", "source_url": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "complaints procedure", "source": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_url": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/dominican-republic/#w2-stablecoins-digital-money", "standing_position": "BCRD bars regulated financial institutions from cryptocurrency engagement; no legal-tender status or dedicated VASP framework exists; an unconfirmed VASP-licensing bill is logged as an unverified horizon item.", "findings": [ { "finding": null, "instrument_type": "central bank communiqué", "source": "https://www.latincounsel.com/?Noticias=Regulation_of_Cryptocurrencies_and_Blockchain_in_the_Dominican_Republic_Caution_and_Challenges", "source_url": "https://www.latincounsel.com/?Noticias=Regulation_of_Cryptocurrencies_and_Blockchain_in_the_Dominican_Republic_Caution_and_Challenges", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "central bank communiqué", "source": "https://multilaw.com/Multilaw/ZENTSO/BusinessGuides/Presentation/Section_Home.aspx?GuideId=2&GuideCountry=Dominican+Republic&GuideSection=829", "source_url": "https://beaumont-capitalmarkets.co.uk/featured_item/dominican-republic-fintech-regulation/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "primary statute application", "source": "https://freemanlaw.com/cryptocurrency/dominican-republic-and-cryptocurrency/", "source_url": "https://beaumont-capitalmarkets.co.uk/featured_item/dominican-republic-fintech-regulation/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory scope", "source": "https://www.lightspark.com/knowledge/is-crypto-legal-in-dominican-republic", "source_url": "https://beaumont-capitalmarkets.co.uk/featured_item/dominican-republic-fintech-regulation/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "strategic plan", "source": "https://beaumont-capitalmarkets.co.uk/featured_item/dominican-republic-fintech-regulation/", "source_url": "https://beaumont-capitalmarkets.co.uk/featured_item/dominican-republic-fintech-regulation/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w3-operational-resilience-critical-infrastructure", "standing_position": "Operational resilience is set by SIPARD's minimum technological requirements built on CPMI-IOSCO PFMI; BCRD's LBTR (since 2008) underpins systemic-risk reduction; SB began a structured cybersecurity dialogue in 2026.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/normas_vigentes/Reglamento-SIPARD-22-05-2025.pdf", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/normas_vigentes/Reglamento-SIPARD-22-05-2025.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "standards adoption", "source": "https://fc-abogados.com/en/reglamento-de-sistemas-de-pago/", "source_url": "https://www.sb.gob.do/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "supervisory initiative", "source": "https://www.sb.gob.do/", "source_url": "https://www.sb.gob.do/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "infrastructure history", "source": "https://blog.tropipay.com/pagos-electronicos-en-republica-dominicana/", "source_url": "https://www.sb.gob.do/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w4-scheme-network-compliance", "standing_position": "Visa and Mastercard operate as recognised card-scheme participants under SIPARD; ProCompetencia formally investigated both for alleged abuse of dominant position against independent aggregator DEMERGE; card transactions subject to 2% ITBIS withholding.", "findings": [ { "finding": null, "instrument_type": "scheme recognition", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "competition-authority decision", "source": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "tax withholding rule", "source": "https://dgii.gov.do/publicacionesOficiales/bibliotecaVirtual/contribuyentes/itbis/Documents/3-Revista-ITBIS.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market structure", "source": "https://onec.org.do/infonec/pagos-con-tarjetas-de-credito-y-debito-en-republica-dominicana/", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/dominican-republic/#w5-payment-corridor-dynamics", "standing_position": "DO's instant-payments landscape is anchored on SIPARD/ACH with SIPA regional interoperability; remittance inflows grew 5.0% YoY to US$982.8m in January 2026 (79.4% US-sourced); a new 1% US outbound cash-remittance tax took effect with BCRD-projected minimal impact.", "findings": [ { "finding": null, "instrument_type": "central bank statistics", "source": "https://listindiario.com/economia/20260109/envios-remesas-alcanzaron-us-11-866-3-millones-2025_889150.html", "source_url": "https://listindiario.com/economia/20260109/envios-remesas-alcanzaron-us-11-866-3-millones-2025_889150.html", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "policy analysis", "source": "https://www.elcaribe.com.do/panorama/dinero/remesas-centroamerica-y-rd-pilares-economia/", "source_url": "https://www.thecompensationconnection.com/2025/08/04/one-big-beautiful-bill-act-introduces-new-excise-tax-on-remittance-transfers/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "corridor cost analysis", "source": "https://www.elcaribe.com.do/panorama/dinero/remesas-centroamerica-y-rd-pilares-economia/", "source_url": "https://www.thecompensationconnection.com/2025/08/04/one-big-beautiful-bill-act-introduces-new-excise-tax-on-remittance-transfers/", "source_tier": "2", "retrieved_at": null }, { "finding": null, "instrument_type": "digitalisation trend", "source": "https://aba.org.do/articulos-perspectivas/remesas-republica-dominicana-tendencias-futuro", "source_url": "https://www.thecompensationconnection.com/2025/08/04/one-big-beautiful-bill-act-introduces-new-excise-tax-on-remittance-transfers/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "regional payment interconnection", "source": "https://www.bcn.gob.ni/sites/default/files/conferencias/seminario2016/ponencias/Ponencia_Dominicana.pdf", "source_url": "https://www.thecompensationconnection.com/2025/08/04/one-big-beautiful-bill-act-introduces-new-excise-tax-on-remittance-transfers/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "Assessed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/dominican-republic/#w6-industry-structure-commercial-dynamics", "standing_position": "DO's fintech sector has grown to an estimated ~90 firms led by Qik (600,000+ customers), ranking eighth in Latin America for fintech economy and leading Central America/Caribbean.", "findings": [ { "finding": null, "instrument_type": "market sizing", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://thefintechtimes.com/fintech-landscape-of-the-dominican-republic-in-2026/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market structure", "source": "https://thefintechtimes.com/fintech-landscape-of-the-dominican-republic-in-2026/", "source_url": "https://tracxn.com/d/geographies/dominican-republic/__X7MOg_mj6hlGsfcYAfCVT4xjq_93zppm4KHdrWQkTLE", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "neobank product", "source": "https://tracxn.com/d/explore/fintech-startups-in-dominican-republic/__qo4iDQXalIFuCA3IWeUyREEpHZDRTxSyurKt4CQ0p5M", "source_url": "https://tracxn.com/d/geographies/dominican-republic/__X7MOg_mj6hlGsfcYAfCVT4xjq_93zppm4KHdrWQkTLE", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "card-processing market", "source": "https://onec.org.do/infonec/pagos-con-tarjetas-de-credito-y-debito-en-republica-dominicana/", "source_url": "https://tracxn.com/d/geographies/dominican-republic/__X7MOg_mj6hlGsfcYAfCVT4xjq_93zppm4KHdrWQkTLE", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "sector statistics", "source": "https://www.sb.gob.do/", "source_url": "https://tracxn.com/d/geographies/dominican-republic/__X7MOg_mj6hlGsfcYAfCVT4xjq_93zppm4KHdrWQkTLE", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w7-legal-litigation", "standing_position": "The most significant payments-adjacent legal matter is ProCompetencia's DE-004-2023 investigation into Visa/Mastercard; SB has overhauled its administrative sanctions procedure since 2020 and publishes open enforcement data.", "findings": [ { "finding": null, "instrument_type": "competition enforcement", "source": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "supervisory enforcement reform", "source": "https://sb.gob.do/supervisados/sanciones/", "source_url": "https://sb.gob.do/supervisados/sanciones/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "open enforcement data", "source": "https://www.sb.gob.do/transparencia/datos-abiertos/sanciones-impuestas/", "source_url": "https://sb.gob.do/supervisados/sanciones/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "depositor-protection data", "source": "https://datos.gob.do/organization/superintendencia-de-bancos-de-la-republica-dominicana", "source_url": "https://sb.gob.do/supervisados/sanciones/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w8-merchant-acquiring-risk", "standing_position": "Merchant acquiring is directly regulated under SIPARD, which authorises/capitalises acquirers and aggregators, with 2025 reforms easing capital for cross-border acquiring; the market is concentrated among three bank-affiliated processors, with independent aggregators facing scheme-level access friction.", "findings": [ { "finding": null, "instrument_type": "regulation", "source": "https://sb.gob.do/normativas-sib/reglamentos", "source_url": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "capital requirement reform", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market access dispute", "source": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "tax/operational obligation", "source": "https://dgii.gov.do/publicacionesOficiales/bibliotecaVirtual/contribuyentes/itbis/Documents/3-Revista-ITBIS.pdf", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "merchant cost/risk profile", "source": "https://nexux.do/pasarelas-de-pago-republica-dominicana-2025/", "source_url": "https://procompetencia.gob.do/wp-content/uploads/2023/04/de-004-2023-firmada-y-sellada-vp.pdf", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w9-product-innovation-market-development", "standing_position": "Product innovation centres on BCRD's instant-payments infrastructure (Pagos al Instante), an Open Finance framework in development, active sandboxes, and bank-led digital products; ENIF targets 65% adult formal-inclusion by 2030.", "findings": [ { "finding": null, "instrument_type": "instant payments infrastructure", "source": "https://blog.tropipay.com/pagos-electronicos-en-republica-dominicana/", "source_url": "https://blog.tropipay.com/pagos-electronicos-en-republica-dominicana/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "market development", "source": "https://www.trade.gov/country-commercial-guides/dominican-republic-financial-services", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "financial inclusion strategy", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "product/partnership", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "product partnership", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w10-consumer-protection-app-fraud", "standing_position": "General consumer protection runs through Law 358-05 (Pro Consumidor); sector-specific protection sits under the Junta Monetaria's Reglamento de Protección al Usuario; no dedicated APP-fraud mandatory-reimbursement scheme identified.", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "https://www.lexmundi.com/guides/latam-consumer-guide-2024/jurisdiction/latin-america-caribbean/dominican-republic/", "source_url": "https://www.lexmundi.com/guides/latam-consumer-guide-2024/jurisdiction/latin-america-caribbean/dominican-republic/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "sector-specific consumer regulation", "source": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-i-derechos-de-los-usuarios-de-los-productos-y-servicios-financieros/", "source_url": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "redress mechanism", "source": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_url": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "cross-border cooperation", "source": "https://dominicantoday.com/dr/local/2024/09/30/dominican-republic-joins-u-s-ftc-agreement-to-combat-cross-border-consumer-fraud/", "source_url": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "conduct reform proposal", "source": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_url": "https://prousuario.gob.do/nosotros/reglamento-de-proteccion-al-usuario/capitulo-v-reclamaciones-ante-las-entidades-de-intermediacion-financiera-y-cambiaria-y-la-superintendencia-de-bancos/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/dominican-republic/#w11-aml-cft-financial-crime", "standing_position": "sentinel.gambling-sector-fit-and-proper: gambling-sector AML suitability regime (Resolution 161-2026) tightened this cycle per Sentinel feed cross-reference; no original AML analysis performed by WPM.", "findings": [ { "finding": null, "instrument_type": "reform outlook", "source": "sentinel.gi/aml-payments/aba-155-17-outlook-2026", "source_url": "sentinel.gi/aml-payments/aba-155-17-outlook-2026", "source_tier": "2", "retrieved_at": null }, { "finding": "AML/CFT/CPF framework rests on Law 155-17 (2017) and Decrees 407/408-2017, coordinated via CONCLAFIT and the UAF (Financial Analysis Unit). GAFILAT's 2018 MER found the legal framework largely aligned with FATF standards but effectiveness incipient outside banking/securities, especially DNFBP supervision, BO transparency and TF investigation capacity.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — Dominican Republic", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "UN Secretary-General Haiti sanctions benchmark assessment", "instrument_type": "regulatory_horizon", "source": "FIM (sentinel.gi) regulatory_horizon_register (issue FIM-BASE-HRZ-001)", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Gap: sourcing-thinness", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: absent-field-provenance", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Enforcement: Europol / Montenegrin, German, Austrian and Spanish authorities — Balkan cocaine-cartel logistics cell with Dominican Republic transport nexus", "instrument_type": "enforcement_action", "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-004)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Gap: enforcement-absence", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w12-correspondent-banking-settlement-access", "standing_position": "BCRD holds exclusive supervisory/settlement authority; domestic settlement runs through LBTR and CEVALDOM; Citibank is the sole full-service US bank present in-country, with Law 155-17 AML rigor cited as key to preserving correspondent access.", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "http://www.sice.oas.org/investment/NatLeg/RDM/Co_MonetFin_s.pdf", "source_url": "http://www.sice.oas.org/investment/NatLeg/RDM/Co_MonetFin_s.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "settlement infrastructure", "source": "https://blog.tropipay.com/pagos-electronicos-en-republica-dominicana/", "source_url": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "securities settlement", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_url": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "correspondent banking access", "source": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_url": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regional settlement cooperation", "source": "https://www.bcn.gob.ni/sites/default/files/conferencias/seminario2016/ponencias/Ponencia_Dominicana.pdf", "source_url": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "de-risking context", "source": "https://aba.org.do/articulos-perspectivas/ley-155-17-analisis/", "source_url": "https://www.trade.gov/country-commercial-guides/dominican-republic-trade-financing", "source_tier": "2", "retrieved_at": "2026-07-04" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/dominican-republic/#w13-commercial-intelligence-fintech", "standing_position": "Trailing-12-month commercial activity is dominated by regulatory-driven market development (SIPARD reform) and cross-border partnership expansion (PaySett/JMMB, Félix Pago/Mastercard) rather than large disclosed M&A.", "findings": [ { "finding": null, "instrument_type": "regulatory/market development event", "source": "https://cdn.bancentral.gov.do/documents/normativa/documents/2da-Res-JM-28-08-2025-Mod-Reglamento-SIPARD.pdf", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "commercial_event", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "commercial_event", "source": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "aggregate funding/M&A data", "source": "https://tracxn.com/d/geographies/dominican-republic/__X7MOg_mj6hlGsfcYAfCVT4xjq_93zppm4KHdrWQkTLE", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "regulatory market-development event", "source": "https://presidencia.gob.do/noticias/superintendencia-de-bancos-llama-participar-en-la-consulta-de-la-reforma-del-reglamento-de", "source_url": "https://gfmag.com/banking/dominican-republics-booming-fintech-broaden-financial-inclusion/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] } ] }