Schedule Entities Captured Under the Money Laundering Prevention ACT NO. 8 of 2011


Activities of Financial Institutions

  • “Banking business” and “financial business” as defined in the Banking Act 2005;
  • “Banking business” as defined in the Offshore Banking Act 1996;
  • Money transmission services;
  • Issuing and administering means of payments ( cards, travellers’ cheques and bankers’ drafts;
  • Guarantees and commitments;
  • Trading for own account of customers in-
  • money market instruments (e.g. cheques, bills, certificates of deposits, commercial paper, etc);
  • foreign exchange;
  • financial and commodity-based derivative instruments(e.g. options, interests rate and foreign exchange instruments etc);
  • transferable or negotiable instruments;
  • Money Broking;
  • Money Lending and Pawning;
  • Money Exchange (e.g. casa de cambio);
  • Mutual Funds;
  • Credit Unions;
  • Building Societies;
  • Trust Business
  • Insurance Business;
  • Securities Exchange
  • Venture risk capital;
  • Virtual Asset Service Business;

Other Business Activities

  • Real Estate Business;
  • Car dealerships;
  • Casinoes (gaming houses);
  • Courier services;
  • Jewellery Business;
  • Internet Gaming and wagering services;
  • Management companies;
  • Asset management and advice-custodial services;
  • Nominee service;
  • Registered agents;
  • Any business transaction conducted at a post office involving money orders;
  • Securities brokerage;
  • Telecommunications companies;
  • Utility companies;
  • Dominica Social Security;
  • Inland Revenue Department

Registered Entities

The Financial Services Unit is responsible for the registration and regulation of the following entities:


The entities not listed on the website are not authorised to do business in the Commonwealth of Dominica