The Ministry of Finance and Economy (MHE) and the Financial & International Business Association (FIBA) signed a collaboration agreement that strengthens the Anti-Money Laundering and Terrorism Financing Prevention System in gambling through the promotion of Anti-Money Laundering (AMLCA-Gambling) certifications 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 illicit activities of this type in gambling (casinos, lottery agencies, sports betting and electronic lottery concessions, among others). With this collaboration, which is part of a broad strategy of the MHE in the matter, the State’s capacity is strengthened and it is promoted that the frontline entities of this area have trained and duly certified personnel. In that sense, FIBA will contribute its recognized international experience to establish, together with the MHE, through the Directorate of Casinos and Gambling, a Certification program in Anti-Money Laundering (AMLCA-Gambling) with a focus on the Dominican Republic, aimed at institution officials, game operators, and all obligated subjects in this sector. For this, FIBA’s link with 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, a regulation that establishes the mandatory requirement of suitability and certified training for Compliance Officers with the aim of standardizing the competencies 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 the Financial Action Task Force of Latin America (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. In the activity, Minister Díaz was accompanied by the Vice Minister of Treasury and Heritage, Derby De Los Santos; the Head of Cabinet of the Ministry, Romeo Ramlakhan and Claudia Álvarez, Director of Casino and Gambling, among others.
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