Financial Intelligence Unit (FIU) Dominica
Dominica's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Americas · Country coverage
AML/CTF Compliance in Dominica
Dominica regulates AML/CTF through its Financial Intelligence Unit under the Money Laundering (Prevention) Act. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Dominica
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Intelligence Unit (FIU) Dominica
FATF statusCFATF member
Primary legislationMoney Laundering (Prevention) Act
Overview
AML/CTF compliance in Dominica.
Dominica regulates money laundering and terrorist financing through the Money Laundering (Prevention) Act, supported by its Financial Intelligence Unit, which receives and analyses suspicious transaction reports.
Regulated entities, including firms involved in the citizenship-by-investment programme, must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIU, alongside supervision from the Eastern Caribbean Central Bank and the Financial Services Unit. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Money Laundering (Prevention) Act
The core of Dominica's AML framework, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other regulated entities, including the citizenship-by-investment programme.
Eastern Caribbean Central Bank
The ECCB supervises licensed banks for AML/CTF compliance, alongside the Financial Services Unit for non-bank institutions.
CFATF membership
Dominica is a member of the Caribbean Financial Action Task Force, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the FIU
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Dominica?
The Financial Intelligence Unit (FIU) Dominica receives and analyses suspicious transaction reports, alongside the Eastern Caribbean Central Bank and the Financial Services Unit, which supervise banks and non-bank institutions respectively.
What is the main AML law in Dominica?
The Money Laundering (Prevention) Act sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Dominica, including its citizenship-by-investment programme.
Is Dominica a member of FATF?
Dominica is a member of CFATF, the FATF-style regional body for the Caribbean, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Dominica?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
Screen customers for Dominica risk with MemberCheck.
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