The Dominican Republic's Superintendency of Banks, alongside the Ministry of Foreign Affairs, presented new digital mechanisms that financial intermediation entities must adopt to allow third parties to verify the authenticity of certifications and other documents they issue. The measures are intended to support the validation of bank reference letters, account statements and similar documentation used in subsequent procedures, including with educational institutions, embassies and consulates. Implemented through Circular SB: CSB-REG-202400010, the approach is aimed at ensuring document authenticity, preventing fraud and improving information traceability. Each entity may choose the most suitable solution for its operational capacity, but verification must be accessible and clear for users, using one of three mechanisms: QR codes that link to the original electronic document, digital certificates used for digital signatures, or a unique verification link to an official portal where users can confirm status and compare the original digital version with the printed or shared copy.
Superintencencia de Bancos de la Republica Dominicana 2025-07-22
Dominican Republic's Superintendency of Banks instructs financial intermediaries to enable third party digital verification of issued documents
The Superintendency of Banks of the Dominican Republic, with the Ministry of Foreign Affairs, introduced digital mechanisms for financial entities to verify document authenticity. Implemented via Circular SB: CSB-REG-202400010, the measures aim to prevent fraud and enhance traceability using QR codes, digital certificates, or unique verification links. Entities can select the most suitable solution, ensuring user-friendly verification for documents like bank reference letters and account statements.