The Government of St.Kitts and Nevis (GOSKN) has taken decisive action to protect the integrity of its CBI Programme by permanently blacklisting licensed international marketing agents (IMA) from all CBI-related activities as they have transgressed the laws of the country.
“This decision, effective immediately, follows a thorough investigation that uncovered persistent and substantial violations of the Programme’s regulations”, said a press release issued by Government..
In a recent press release, the GOSKN enacted a Zero-Tolerance Policy to eliminate unethical practices within its Citizenship by Investment (CBI) Programme. Any entity found underselling, misrepresenting, or engaging in unauthorised marketing of the Programme will face immediate blacklisting and legal action under St. Kitts and Nevis
The decision to permanently blacklist these transgressors from all St. Kitts and Nevis CBI activities emanates from the substantiated breaches of the Programme’s regulations. law.
The Government statement said, “The recent blacklisting of IMAs is a decision that signals the Government’s unwavering stance on accountability and regulatory enforcement. The investigation revealed clear breaches of the Programme’s stringent guidelines, necessitating immediate and permanent action to protect the credibility of the nation’s economic citizenship framework.”
The decision to permanently blacklist these transgressors from all St. Kitts and Nevis CBI activities emanates from the substantiated breaches of the Programme’s regulations.
The Citizenship by Investment Unit (CIU) will increase its oversight to ensure that all authorised agents, service providers, and stakeholders adhere strictly to the legal and ethical guidelines governing the Programme.
The following actions will be taken against any entity or individual violating the policy:
• Legal prosecution under St. Kitts and Nevis laws, ensuring accountability and deterrence.
• Automatic blacklisting, permanently barring them from any future association with the CBI Programme.
The decision to permanently blacklist these companies reinforces the country’s commitment to upholding the highest standards of governance in the investment migration industry. As the CBI Programme of St. Kitts and Nevis continues to evolve, the Government remains dedicated to innovation, security, and excellence.
