Director of Dominica’s FIU announced positive outcomes in the Caribbean Financial Action Task Force evaluation, with 2 substantial & 5 moderate effectiveness ratings

Mr. Mckelson Ferrol, the Director of Dominica’s Financial Intelligence Unit (FIU), emphasized the accomplishments of the unit in seizing substantial amounts of illicit funds in 2023. He pointed out that, in collaboration with law enforcement, the unit handled three cases totaling $351,681.02, with two successfully concluded in courts. Additionally, during the same period, the FIU achieved a noteworthy cash seizure of €295,400.

Mr. Ferrol underscored the crucial role of the FIU in ensuring compliance with the Financial Action Task Force's 40 recommendations since its establishment in June 2001. He added that, through coordination, legislative review, and policy development, the FIU has significantly contributed to Dominica's adherence to international standards.