Global FinTech Guide
Country Name
Dominican Republic
RegTech and compliance management
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.


Attitude of the country towards RegTech-services

Participants of financial markets are in constant innovation regarding their regulation process and tools. Despite almost all laws of the financial and banking sector being between 15 and 20 years old, regulators and participants of the financial markets try to implement technological tools in their regulation duties. However, since laws are so old, they do not contemplate much regarding RegTech.

Legal affairs

Obligations and requirements to provide RegTech-services

Not regulated at the date of this survey.

Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area

In the Dominican Republic, usually regulators do not regulate the tools used by the participants to regulatory compliance. However, sometimes regulators provide some technical tools to facilitate supervision and regulatory compliance.

Economic conditions

Market size for RegTech-services and biggest companies in this business area

In proportion to other sectors, the market for RegTech-services is significant. However, usually Dominican regulated entities prefer to hire an in-house legal team, which usually receives support from external services.

Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area



Michelle Abreu VargasOMG[email protected]06517
Manuel Troncoso HernándezOMG[email protected]06517
Aldana Fernández MartínezOMG[email protected]06517
Diego García MelendezOMG[email protected]06517
Alejandro LamaOMG[email protected]06517


© 2022, OMG. All rights reserved by OMG as author and the owner of the copyright in this chapter. OMG has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.


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