CitizenGrenada
Grenada, like the rest of the
Caribbean's CBI programmes,
is generally associated with a
far reaching and extensive due
diligence process.
Heyrick Bond Gunning,
CEO of S-RM explains...
D
ue diligence varies dramatically across Citizenship By Investment
(CBI) Programmes – at one end of the spectrum, only basic disclosure
requirements are implemented, while at the other extreme there
are transparent, thorough, and robust requirements. The quality of a CBI
programme rests on its ability to embrace transparent and at times exacting
due diligence processes, ongoing monitoring of applicants in case their
circumstances change, and absolute clarity around the on-boarding decision
making process.
The Caribbean CBI programmes are generally associated with far-reaching due
diligence , and with good reason. Indeed, while their processes may not be
completely interchangeable, they all follow the same structure: requirements for
extensive disclosure compounded by supporting documentation, comprehensive
investigation by independent and professional firms, and information exchange
with both regional and international entities involved in crime detection. It
is this structure that greatly dissuades individuals who may hope to use the
Caribbean’s CBI programmes to circumvent the Common Reporting Standard
(CRS) or to conduct other illicit activity.
Growing interest in the topic of immigration, and investor immigration in
particular, makes it essential to provide clarity on the steps that are taken to
examine individual CBI applicants in certain jurisdictions.
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Citizen Grenada
Citizen Grenada
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