Dominican Republic (DO)

Jurisdiction Overview

IDQuestionAnswer
360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? Yes, there are prison terms for disclosing client's banking data to any third party (and possibly fines).
 Data Date: 2016

Notes

 
Art. 56.b of Law 183-02 establishes banking secrecy and imposes prison sentence by referring to arts. 377 and 378 of the criminal code.

Sources

https://republica-dominicana.justia.com/nacionales/leyes/ley-183-02/gdoc/
 
GF 2016: 77
 
http://www.oas.org/juridico/spanish/mesicic2_repdom_sc_anexo_21_sp.pdf
 
Art. 56.b of Law 183-02; Criminal Code