EB-5 policy with 21st century policy standards in fraud deterrence, national security, and movement of capital internationally.
In the last few years, Invest In the USA( IIUSA) has worked tirelessly to develop meaningful self-regulatory processes that hold its members and the industry to the highest standards of ethical business practices. Additionally, IIUSA has a long history of supporting reforms that would improve program integrity, including those proposed by the legislative and executive branches. Several pieces of EB-5 legislation have been introduced in Congress. Following a process of constructive engagement and comprise, these pieces of legislation are now under consideration as a single and broadly supported reform and reauthorization bill.
Code of Ethics and Best Practices
Since 2014, IIUSA’ s membership has approved five new and updated several other best practices’ documents that strive to hold its members and the industry to the highest standards possible. This includes the Code of Ethics and Standards for Professional Conduct, which was approved, hand-inhand, with an enforcement procedures process. In an effort to promote self-regulation of the industry, as well as encourage all people and organizations in the industry, the enforcement procedures include a vehicle to file complaints against bad actors, along with a detailed process on how these complaints are handled internally.
IIUSA has recommended best practices for regional centers, anti-money laundering / know your customer efforts, engaging with sales intermediaries, and in terms of compliance with securities laws. These combined with the Code of Ethics, along with enforcement of the established complaint process, set a high bar for how the industry is expected to operate. Lastly, IIUSA uses its various educational offerings( publications, conferences, etc.) to keep the industry informed of essential intelligence on compliance, market dynamics, and ever-evolving best practices. Long story short, EB-5 is not a spectator sport.
WWW. EB5INVESTORS. COM 34