24.1 C
Basseterre
Thursday, July 25, 2024
HomeNewsLocal NewsContinuing International Due Diligence Unit to Enhance Security for St. Kitts and...

Continuing International Due Diligence Unit to Enhance Security for St. Kitts and Nevis CBI Programme

spot_img

by Kevon Browne

St. Kitts and Nevis (WINN)—The Government of St. Kitts and Nevis is proceeding with the establishment and operationalisation of its Continuing International Due Diligence (CIDD) Unit, which aims to strengthen the Citizenship by Investment (CBI) Programme and protect the country’s international reputation.

The CIDD Unit will be led by His Excellency Ian Queeley, former Commissioner of the Royal St. Christopher and Nevis Police Force and current Ambassador for the Eastern Caribbean States to the Kingdom of Morocco.

During the National Assembly session on Friday, June 14, the Prime Minister and Minister responsible for Citizenship and Immigration, the Honourable Dr. Terrance Drew, announced the unit’s formation.

“We are serious, and we want to ensure that we engender confidence in our international partners that we are serious about their security as well,” stated Prime Minister Dr Drew during the second reading and debate on the Citizenship by Investment Unit Bill, 2024.

Headquartered in Europe, the CIDD Unit will conduct ongoing due diligence on economic citizens worldwide. Its primary objective is to ensure that passport holders from St. Kitts and Nevis comply with the laws of their resident countries and respect international laws. The unit will notify the Ministry of National Security about any citizens under investigation or charged with financial or other crimes internationally.

Prime Minister Dr Drew explained, “It will ensure that citizens holding passports issued by St. Kitts and Nevis and residing and working internationally abide by the laws of the countries in which they reside and visit and respect international laws. [It will] alert the Ministry of National Security of St. Kitts and Nevis citizens who are being investigated for committing or have been arrested and/or charged with financial or other crimes internationally.”

The unit will also liaise with and report to international law enforcement, anti-money laundering, and anti-terrorist financing agencies. Additionally, it will retrieve passports issued by St. Kitts and Nevis that the Ministry of National Security has cancelled under the Passport and Travel Document Act and Principle 5 of the US-Caribbean roundtable on CBI.

Furthermore, the CIDD Unit will develop policies to mitigate and address risks associated with citizens who obtained citizenship via the CBI programme.

Prime Minister Dr. Drew assured that the Government of St. Kitts and Nevis is committed to implementing strict security measures to protect the nation and its international partners.

The Citizenship by Investment Unit Bill, 2024 was passed into law on June 14, 2024.

The Continuing International Due Diligence (CIDD) Unit is set to be operational by July 31, 2024.

spot_img
spot_img
spot_img

Most Popular

spot_img
Advertisement
Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks
Subscribe