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BiggerDominican Republic to have an Assets Forfeiture Law
Santo Domingo.- The heated debate between the legislators of the ruling party and the opposition could come to an end in the coming weeks when the bill for the Forfeiture of Illicit Assets is approved, a legal tool for the State to recover what was stolen.
That is the projection of president, Luis Abinader, who stated that approval would also be given to the modification to the Purchasing and Contracting Law to fine-tune transparency in the acquisition processes by the State.
The head of Government spoke as a commitment to the authorities of the United States embassy in the country, during the celebration of the 246th anniversary of that nation’s independence.
This has a lot to do with criminals stealing US assets using fraudulent activities such as Medicare fraud to steal US funds then using the ill-gotten money to purchase property and/or goods in the RD.
This new law makes it easier (lessens the political and bureaucratic BS) for the RD to seize illegal gains and return them or their value to the US promptly. It also helps the RD seize assets stolen from the state by unscrupulous people.