CitizenGrenada
“
- Kimpton Kawana Bay
ADDRESS VERIFICATION – Each applicant is
required to detail his or her residential history
for at least the last 10 years. Verification of
their current residential address is undertaken,
either through a site visit or through contacts
located in the country who are familiar with the
applicant.
PASSPORT VERIFICATION - The passports of
the applicant and any dependants are verified
through an algorithmic check and by the
respective issuing authority.
POLICE CLEARANCE CERTIFICATES – Applicants
and all dependants (above a certain age)
arerequired to provide certificates evidencing
no criminal records for each of the jurisdictions
they have resided in within the last 10 years.If
any further jurisdictions are identified, police
clearance certificates are requested by the
CBI jurisdiction. The authenticity of these
police clearance certificates is verified with the
issuing authorities.
BUSINESS PROFILE – Applicants are required to
detail all business interests and employment
activity for at least the last 10 years. These
positions are verified, and further searches are
conducted to ensure there are no omissions.
Investigations are undertaken to ensure the
legitimacy of these entities, both in terms of
registration and their business activities.
REPUTATION – Athorough analysisis conducted
of the applicant’s business reputation through
online media and litigation searches, as
well as through contact with professional
acquaintances, competitors industry bodies,
and avariety of other sources, to certify that the
applicant presents no reputational concerns.
AML/CTF/ABC – The applicant is required to
provide supporting documents to validate
reported financial information, including
corporate filings (such as incorporation
documents or annual accounts), title deeds
for land or property assets, stock portfolios,
and bank statements. This information is
then analysed for any signs of illicit activity.
The applicant’s business interests are also
investigated by in-country contacts to ensure
there are no allegations of unlawful or
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Citizen Grenada
Grenada
Citizen
Citizen Grenada
Citizen Grenada
“
Exhaustive due diligence
reports, such as the
ones that are undertaken
on behalf of Grenada ...
should be a staple of all
CBI programmes that
aspire to success
and durability
“
“
No other country’s
CBI programme offers
a package to match
that of Grenada
It is in S-RM’s purview to provide that clarity
with respect to the Caribbean, and to the
reports that it provides to the CBI jurisdictions
in that region. Each report covers the following
areas:
otherwise dishonest activity. There is then
a detailed assessment of anti-bribery and
corruption (ABC), anti-money laundering
(AML), counter-terrorism funding (CTF), and
related reputational and integrity risks.
SANCTIONS, WANTED LISTS, and POLITICAL
EXPOSURE – The applicant, as well as his or her
family, corporate affiliations, and associates
are checked through the global wanted lists
and sanctions databases to which we subscribe.
The same individuals are run through global
compliance databases to ascertain any political
exposure. Information from in country contacts
is also used to determine any political links
held and the risk they may present.
Due diligence is the most substantial
contributing factor to a CBI programme’s
capacity to attract the right individuals as
citizens. Exhaustive due diligence reports,
such as the ones that are undertaken on
behalf of Grenada and other Caribbean
jurisdictions, should therefore be a staple of
all CBI programmes that aspire to success and
durability.
HeyrickBondGunning is CEO of S-RM. S-RM
is among the panel of due diligence providers
that lend their expertise to jurisdictions with
CBI programmes. S-RM provides these services
for several CBI jurisdictions in the Caribbean
and elsewhere around the world. S-RM also
provides similar services to the banking and
private equity sectors, corporate clients,and
other governments. This has allowed S-RM to
acquire a broad understanding of the levels
of due diligence undertaken across a variety
of sectors, and to be able to provide a sound
opinion on their strengths. CG
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