Countries › Dominican Republic › Guide › 5. FX and capital controls › FX penalties in the Dominican Republic: who enforces, fines up to RD$10 million and the reporting offences
FX penalties in the Dominican Republic: who enforces, fines up to RD$10 million and the reporting offences
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Last verified: 2026-10-30 · Status: Stable
The Superintendencia de Bancos enforces the exchange rules against banks and intermediaries, with fines of up to RD$10 million or loss of licence. Late or missing reports carry fines of up to RD$500,000 scaled to net assets. Ordinary companies are exposed mainly through reporting duties and unlicensed exchange activity.
USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, as shown on its home page on the verification date, rounded to the cent.
Key facts
| Maximum administrative fine | 10000000 DOPReglamento Cambiario art. 66; Ley 183-02 art. 70, as of 2026-10-30 · in force |
|---|---|
| Serious infraction fine, maximum | 2500000 DOPReglamento Cambiario art. 66, as of 2026-10-30 · in force |
| Minor infraction fine, maximum | 500000 DOPReglamento Cambiario art. 66, as of 2026-10-30 · in force |
| Limitation, very serious infractions | 5 yearsLey 183-02 art. 69, as of 2026-10-30 · in force |
The rule
1. Financial entities, exchange intermediaries and natural or legal persons breaching Ley 183-02 or the regulation can be sanctioned. The Superintendencia de Bancos detects and verifies infractions and applies sanctions.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 63 and art. 65, 2025-09-11 official text · verified 2026-10-30
2. Very serious infractions include prohibited operations, resisting inspection, skipping the external audit and fraud to evade rules. They carry a fine of up to RD$10,000,000 or loss of authorization.
Cost to do it: Up to RD$10,000,000 (about US$164,201.73)Reglamento Cambiario, Primera Resolución JM 250911-01; Ley 183-02 Monetaria y Financiera, art. 64 literal a and art. 66 literal a; art. 70 literal a, 2025-09-11 official text · verified 2026-10-30
Cost to do it: Up to RD$10,000,000 (about US$164,201.73)Reglamento Cambiario, Primera Resolución JM 250911-01; Ley 183-02 Monetaria y Financiera, art. 64 literal a and art. 66 literal a; art. 70 literal a, 2025-09-11 official text · verified 2026-10-30
3. Serious infractions include not publishing or sending audited accounts, not giving required information, abusive practices and anti money laundering breaches. They carry a reprimand and a fine of up to RD$2,500,000.
Cost to do it: Up to RD$2,500,000 (about US$41,050.43)Reglamento Cambiario, Primera Resolución JM 250911-01, art. 64 literal b and art. 66 literal b, 2025-09-11 official text · verified 2026-10-30
Cost to do it: Up to RD$2,500,000 (about US$41,050.43)Reglamento Cambiario, Primera Resolución JM 250911-01, art. 64 literal b and art. 66 literal b, 2025-09-11 official text · verified 2026-10-30
4. Minor infractions include late documents and information. They carry a fine of up to RD$500,000, and for late or missing reports the fine depends on net assets as set in the Reglamento de Sanciones, never above that ceiling.
Cost to do it: Up to RD$500,000 (about US$8,210.09)Reglamento Cambiario, Primera Resolución JM 250911-01, art. 64 literal c and art. 66 literal c, 2025-09-11 official text · verified 2026-10-30
Cost to do it: Up to RD$500,000 (about US$8,210.09)Reglamento Cambiario, Primera Resolución JM 250911-01, art. 64 literal c and art. 66 literal c, 2025-09-11 official text · verified 2026-10-30
5. Those carrying on financial intermediation without authorization face the very serious fine and closure of the establishment. Regulated intermediation includes exchange intermediation by authorized entities only.Ley 183-02 Monetaria y Financiera, art. 29, art. 68 literal a numeral 1 and art. 70 literal a numeral 1, 2002-11-21 official text · verified 2026-10-30
6. The Superintendencia de Bancos must see that anyone intermediating currency without authorization is stopped by legal means.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 25 paragraph, 2025-09-11 official text · verified 2026-10-30
7. Very serious infractions prescribe in five years, serious in three and minor in one, from commission or the last act of a continuing infraction.Ley 183-02 Monetaria y Financiera, art. 69, 2002-11-21 official text · verified 2026-10-30
8. The Banco Central may cancel unusual bids and suspend platform participants for bad practice or breach of the rules, and can suspend the platform itself for technical failure, security threats or fraud.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 50 and art. 51, 2025-09-11 official text · verified 2026-10-30
9. Reports sent again with errors after the deadline count as late from the original due date, and reporting breaches are published on the authority's website.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 58 paragraph I and art. 68, 2025-09-11 official text · verified 2026-10-30
10. Not filing the foreign investment information due after a remittance carries the Ley 183-02 sanctions for failing to supply information.Ley 16-95 sobre Inversión Extranjera art. 9 as amended by Ley 98-03 (CEI-RD), Ley 98-03 art. 14, 2003-06-17 official text · verified 2026-10-30
11. Spreading false rumours about the stability of the exchange market is a crime with fines of RD$500,000 to RD$2,500,000 and three to ten years in prison.Ley 183-02 Monetaria y Financiera, art. 80 literal a, 2002-11-21 official text · verified 2026-10-30
12. Sanctioned intermediaries go through the administrative procedure in art. 72 of Ley 183-02 and the Reglamento de Sanciones, under the principles of Ley 107-13.Reglamento Cambiario, Primera Resolución JM 250911-01, art. 67, 2025-09-11 official text · verified 2026-10-30
| Class | Sanction | Limitation |
|---|---|---|
| Very serious | Fine up to RD$10,000,000 (about US$164,201.73) or revocation | 5 years |
| Serious | Reprimand and fine up to RD$2,500,000 (about US$41,050.43) | 3 years |
| Minor | Fine up to RD$500,000 (about US$8,210.09) | 1 year |
Administrative sanctions
Worked example
- A company that keeps skipping the Banco Central foreign currency commitment form risks at most the minor ceiling of RD$500,000 (about US$8,210.09) per infraction, plus publication. The fine depends on net assets under the Reglamento de Sanciones.
Step by step
- Keep a calendar of ProDominicana and Banco Central filings.
- Answer any request from the authorities on time.
- Do not pay informal currency dealers.
- Keep exchange receipts for at least the longest limitation period.
Common traps
- The net asset scale for reporting fines is in the Reglamento de Sanciones of 18 December 2003 and was not reviewed in this page.
- Civil and criminal exposure can apply on top: administrative sanctions do not rule out penal ones (Ley 183-02 art. 66 literal b).
- Using an unlicensed dealer leaves no receipt for the investment file.
Sources
- Ley 183-02 Monetaria y Financiera, Superintendencia de Bancos copy
- Reglamento Cambiario, Primera Resolución de la Junta Monetaria of 11 September 2025
- Ley 16-95, DGII copy
- Ley 98-03, FAOLEX copy of the gazette text
Related pages
- fx/exchange-intermediaries-and-remittance-agents
- fx/cash-and-border-reporting
- fx/fx-and-capital-controls
Related: Dominican Republic country profile · live dashboard · central bank and release calendar · our posts on X · where Argentina is involved, see The Argentine Thread guide
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