NewsWhore
08-27-2007, 04:00 PM
President Leonel Fernandez resent a bill to Congress that sets the legal framework for the creation of international finance zones in the DR seeking to lure major banking deposits from foreigners. The bill establishes best practices and creates a Unit for Finance Intelligence to prevent and identify money laundering and criminal financial activities, as well as activities that could finance terrorism, according to international standards. The bill had expired in Congress. The framework would authorize the establishment of the financial zones in specific geographic areas of Santo Domingo. The new international financial zones would operate outside of the national banking and finance system and would be ruled by special laws, as reported in the Listin Diario.
More... (http://www.dr1.com/index.html#1)
More... (http://www.dr1.com/index.html#1)