Director, Financial Services Unit
Mr. Claudius Lestrade
Welcome to the Financial Service Unit of the Commonwealth of Dominica or (FSU); we are the sole Financial Services Regulatory Authority in Dominica, and one of the most stringent Regulatory Authority in the Caribbean. As a Department of the Ministry of Finance the Financial Service Unit regulates all, Credit Unions, Insurance Companies, Offshore Banks, Money Service Businesses, Development Bank, Buildings and Loans Societies, Gaming Companies, Other Financial Entities and is the Money Laundering Supervisory Authority (MLSA). The FSU is under the auspices of the Ministry of Finance and composed of a group of experienced professionals, The Authority of the Financial Services Unit (FSU), covers the entire Financial Services Sector in Dominica and is responsible for the supervision and regulation of all the financial institutions within the jurisdiction with the exception of Commercial Banks and Securities Business. With the creation of the Financial Services Unit in 2008, supervision of the Non-Commercial Bank Financial Sector; to include Offshore Banking, Money Services Businesses, Insurances, Credit Unions etc. was significantly strengthened, an essential element in ensuring the safety and soundness of this sector. The FSU has developed an effective Risk Based Supervisory Framework, where customer's confidence has increased accordingly to the benefit of all concerned.
Most Recent News and Notices
Most Recent News and Notices
Dominica receives Region’s best overall score in the Basel Index
17 April 2023Dominica receives Region’s best overall score in the 2022 Basel Index. The Caribbean, in general, fared poorly worldwide, with Haiti, the Bahamas and Saint Kitts and Nevis, ranking towards the...
FATF Public Statement October 2022 and February 2023
13 April 2023Paris, 24 February 2023 - Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist...
2023 List of Participating Jurisdictions
20 March 2023Commonwealth of Dominica Automatic Exchange of Financial Account Act List Of Participating Jurisdictions
AML/CFT National Risk Assessment Executive Summary
21 April 2022Click to view the AML/CFT National Risk Assessment Executive Summary.
Jurisdictions Under FATF Enhanced Monitoring
08 December 2021Follow this link to view the Jurisdictions Under FATF Enhanced Monitoring (PDF, 990 KB). Posted: 08/12/2021
Notice of Closure of the IBC Sector in the Commonwealth of Dominica
16 September 2021Notice of Closure of the IBC Sector in the Commonwealth of Dominica (PDF, 768 KB).
Financial Centre
T: (767) 266 - 3514 
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