Money Laundering in the Dominican Republic

Money laundering in the Dominican Republic totaled $1.6 Billion in 2010, or 2 percent of the country’s GDP. Criminal activities such as corruption, tax evasion and other financial crimes was the cause of the laundered money.

In 2008, an estimated $820 Million was laundered in the country.

(More laundering examples here.)

Source:  “Money Laundering – Two Per Cent Of Dominican Republic’s GDP,” Bernama, February 23, 2012.