FATF’s 3rd Follow-Up Report on Dominica finds progress in AML/CFT reforms, but highlights ongoing gaps in BO transparency, enforcement, investigations, and asset recovery

It finds that Dominica has made notable improvements in its legal framework, regulatory supervision, and institutional coordination, particularly in aligning its laws with international FATF standards. However, the report also highlights continuing effectiveness gaps, especially in investigations, prosecutions, beneficial ownership transparency, and asset recovery, indicating that while the framework has improved…