Economy July 19, 2017 - 3:08 pm

Industries want an anti-money laundering law with teeth

A. Taveras. File.

Santo Domingo.- Herrera and Santo Domingo Industries Association (AEIH) president Antonio Taveras on Wed. asked the authorities to fully enforce the new anti-laundering and terrorism financing Law 155-17, “with all its consequences.”

During a forum on the legislation’s impact on the business sector, Taveras said the controls on businesses makes it very important to put a stop to those who use illegal ways to become rich.

He said the legislation should be “universally enforced” and not only for some as other laws do. “This Law is very important because it establishes consequences for those who are illicitly enriched with public funds.”

Taveras said as a representative of industry he expects punishment for politicians and officials who profit from the people’s money and dodge taxes. “We want this law to have consequences, not only for business leaders.”

COVID-19

May 17, 2024 - 9:22 am

CEMDOE expands services, reinforcing commitment to quality and safety in healthcare

May 16, 2024 - 8:43 am

WHO greenlights Japanese vaccine for Dengue prevention

May 14, 2024 - 10:25 am

Médico Express and Caribbean Health TPA foster medical tourism

May 13, 2024 - 9:34 am

Residents protest thermoelectric vessels in Azua

MOST READ

Local

President Abinader explores semiconductor industry potential with World Bank president

Economy

The 2024 Great Bazaar of Entrepreneurs to elevate business in the Dominican Republic

Economy

CNUS president pushes for monotributo system in the Dominican Republic

Local

After complaints from residents, the SDE Mayor’s Office carries out a cleaning and waste collection day

MORE NEWS

Tourism

US$25 million Palm Beach Residences project in Cap Cana

Local

Migration Directorate allows reuse of uploaded documents

Local

Santo Domingo Colonial City Program addresses flood risks

Local

Alcohol sales ban begins 24 Hours before Election day