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Antigua mulls opening a residency scheme for HNWI

Prabhu Balakrishnan
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Antigua mulls opening a residency scheme for HNWI

After its successful citizenship program – Antigua and Barbuda, is currently thinking about opening a residency scheme that would allow HNWI particularly those who can work from anywhere in the world.

This move is similar to Barbados offering a 12 month welcome stamp for visitors to enter and the leave the country to counter covid-19 effects.

The Office of Prime Minister of Antigua and Barbuda released the following statement today.

“Two experts from the Citizenship by Investment Unit (CIU) were asked to provide options to the Cabinet members that would allow the residency program that is contemplated to be engineered in order to serve the country’s need.

The idea that is being transformed into policy would allow high-net-worth individuals and high-income-earners who can work from any place in the world, to decide on residing in Antigua for a period of up to two years.

The presenters provided several recommendations for Cabinet that would satisfy the expectations of the lawmakers.

The Cabinet was informed that similar programs have been adopted by Portugal, Ireland, Netherlands, Malaysia, Singapore, and Thailand. The CIU is targeting 1,000 of the various types that would be attracted to the program.

Thus far, 2,700 persons have acquired Antigua and Barbuda citizenship by the CIP, during the seven years from 2013 to the present.”

 

Saint Lucia CIP appeals to entrepreneurs

Prabhu Balakrishnan
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Saint Lucia CIP appeals to entrepreneurs

Singapore, 21 July 2020 – Henley & Partners recently hosted a citizenship planning webinar featuring the St. Lucia Citizenship-by-Investment Program, which has caught the eye of wealthy investors during the Covid-19 crisis.

The Hon. Allen Chastanet, Prime Minister of St. Lucia, discussed how the island nation was exceptionally well placed to deal with the fallout caused by the pandemic due to the steady growth of its economy over the past four years. St. Lucia’s crisis management has also been exemplary – it was able to isolate itself rapidly, which has served to increase investor confidence.

Prime Minister Chastanet confirmed that interest in the St. Lucia Citizenship-by-Investment Program has not abated during the lockdown, partly due to its legislation that makes it attractive for companies to move their headquarters to St. Lucia. “The current crisis has caused many business owners to realize that they can operate remotely and there is no need to be in a big city. St. Lucia’s broad bandwidth, education options, direct flights to the US and London all enable global access to the rest of the world.”

The other participants in the webinar were Nestor Alfred, CEO of the St. Lucia Citizenship-by-Investment Unit, Dominic Volek, Group Head of Sales at Henley & Partners, and Alana Eugene-Dujon, Senior Manager at Henley & Partners St. Lucia. Alfred discussed the various options available to investors, including the new Covid-19 Relief Bond, whereby one can invest a minimum of USD 250,000 in a non–interest-bearing government bond that is held for five years to qualify for citizenship.

As seen in this video, Prime Minister Chastanet explains that inflows from the St. Lucia Citizenship-by-Investment Program go into an economic fund managed by an independent board and are used to build capacity, reduce debt, and make capital investments in St. Lucia. “Despite Covid, St. Lucia is looking to double its GDP in the next six years. Everything that the country was focused on pre-Covid has become more relevant now: investment in education, building an e-government platform, simplification of the tax regime, infrastructure investments, modernization of the security force and the judicial system, and broadening the tourism offering. The citizenship-by-investment program is a key source of funding in helping us to facilitate these developments.”

Volek concurred that investment migration is a win–win solution for global investors and sovereign states alike. “We believe that in the post–Covid-19 environment, as in the wake of previous disasters such as the 2008 financial crisis and devastating hurricanes in the Caribbean, residence and citizenship programs represent lifelines both for investors intending to safeguard their families and legacies and for sovereign states in need of alternative revenue streams. Investment migration will act as a hedge against the significant macro-economic volatility that is predicted, creating even more sovereign and societal value across the world.”

-Ends-

Notes to Editors

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship planning. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 30 offices worldwide.

The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

The firm also runs a leading government advisory practice that has raised more than USD 8 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

UK switches to digital citizenship ceremonies

Prabhu Balakrishnan
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UK switches to digital citizenship ceremonies

The UK government has announced local authorities will now be able to conduct citizenship ceremonies for individuals and households virtually through video conferencing.

 

“As a result of coronavirus restrictions, group citizenship ceremonies have been suspended. However, citizenship ceremonies will now be allowed to take place via video conferencing. The move will allow applicants to complete their unique citizenship journey and become British citizens.” said Home Office

 

The first virtual citizenship ceremony has been led by Southwark Council, London,

 

The Home office further said, Citizenship ceremonies are important as they recognise the commitment the new citizen has made to the UK, in establishing their home here, contributing to the economy, and having learned about life in the United Kingdom, its culture, laws and history.

 

Due to coronavirus, the period over time to book a citizenship ceremony after receiving an invitation from the Home Office has been extended from 3 months to 6 months, to allow for greater flexibility.

 

These measures are expected to be temporary. It is anticipated that local authorities will resume providing group ceremonies in official premises once

 

More information is available here

Bahamas urged to introduce Investor citizenship program to counter Covid-19

Prabhu Balakrishnan
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Bahamas urged to introduce Investor citizenship program to counter Covid-19

A Bahamas-based contractor yesterday argued that this nation should re-examine introducing an “investor citizenship” initiative to help counter COVID-19’s negative impact.

Costa Berdanis, Tarcon Construction’s president, told Tribune Business that such a scheme would expand the benefits of foreign direct investment (FDI) beyond the real estate sector that is the direct focus of the permanent residency programme.

“I think citizenship by investment is one of the things we can do to get some revenue coming in here,” he explained. “The thing is it is not like we can’t put a limit to the number of how many we can invite to do so, and we can screen who we want.

“We have an attractive system here. We have a good banking system that a lot of Caribbean countries don’t have, which is first world banking, and a lot of people are more attracted to come here.”

Mr Berdanis continued: “Right now we have a residency programme for $750,000 that is solely linked to real estate, so the benefit doesn’t really trickle down to everybody.

“If you had a citizenship programme to rebuild the country, a person would come in and make a donation. Out of that $750,000, let’s say $300,000 went to rebuild schools and roads, and the other $450,000 went to helping combat the coronavirus, help the National Insurance Board and some of the national issues – all of the things that would benefit the majority of the people rather than the minority.

“I think this is a viable thing, but I know the United States doesn’t like us selling our citizenship. But, at the end of the day, we have to take care of ourselves here and it is a thing that people want and we can limit it.”

So-called “Investor Citizenship” initiatives have been mulled and floated in the past, most recently by Sean McWeeney QC, a former attorney general and key advisor to ex-premier Perry Christie. The idea was ruled out, though, by both that administration and the current government, with ex-financial services minister, Brent Symonette, placing the focus on speeding up permanent residency applications.

Investor Citizenship would grant citizenship to a limited group of individuals, once they met certain criteria, including a high multi-million dollar investment threshold. Those qualifying would have to invest in Bahamas-based developments and companies that created local jobs, with the initiative targeted at a small group of billionaires and multi-millionaires with the resources to move the economy.

The programme would essentially be targeted at the world’s wealthiest individuals, meaning the likes of Joe Lewis and the Izmirlian families. The billionaires, both of whom reside at Lyford Cay, have ultimately invested billions in the domestic economy, and created thousands of local jobs, via Albany and Baha Mar respectively (notwithstanding subsequent events at the latter).

Investor citizenship programmes have been adopted by countries such as Grenada, Antigua and Barbuda, Malta, the Netherlands, the UK and Spain, either allowing direct citizenship by investment or offering routes to citizenship for wealthy investors.

Concerns have been raised, however, over the transparency and accountability surrounding such programmes, which have also drawn the attention of regulators and law enforcement agencies in nations such as the US on the grounds that citizenship is being ‘bought’.

However, Mr Berdanis added: “I have a lawyer friend right now in Canada who has millions of dollars from persons bundled up that just want to get residency, and they don’t want residency for criminal reasons.

“Let’s say that these people are right now in Hong Kong, and they may be worth up to $3m or more. They want to have a back-up plan if China further puts a clamp down on them. I know there are a few groups that are pushing the Government on this citizenship by investment initiative, as there are a few Canadian firms that are inquiring and I think a couple of law firms are.”

Mr Berdanis added: “From the immigration aspect, we can benefit from it greatly. Portugal is benefiting, and a friend of mine has built 16 high-rise hotels for people that are making investments. Once they get a group like Hyatt or the Marriott, they would have the management to give these hotel brands a return, and those folks don’t even occupy those places as they just get their residency. If they need a place they can go to have an escape, they have it.”

Mr Beranis ultimately said he “doesn’t see a downside to it here”, adding that the Government can always experiment with the initiative. He added that The Bahamas “don’t have to go huge, but if you give out 1,000 citizenship by investment certificates you can spread it out among all of the lawyers so they can equally have the business.

“We have so many undeveloped islands that we can do private residency on if you are concerned about these people living amongst us on New Providence. Diversification has always been a good thing. We have so many empty islands that we can experiment with but they just don’t touch them.”

 

Source: The Tribune

Grenada appointing escrow agents for strict oversight of approved real estate projects

Prabhu Balakrishnan
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Grenada appointing escrow agents for strict oversight of approved real estate projects

The Government of Grenada (CBI Unit) has issued a tender for appointing escrow agents for strict monitoring and oversight of approved real estate projects under the citizenship by investment regulations.

 

The Grenada Citizenship by Investment (Approved Projects) Regulations, 2017 which govern the CBI approved projects make provision for the setting up of a project escrow account by a developer with a licensed financial institution in Grenada and the signing of an escrow agreement between the developer of an approved project and the Committee. The regulations also mandate strict monitoring and oversight of approved projects by the Committee.

 

To assist in the strict monitoring and oversight of approved projects, the escrow agreement makes provision for the management of escrow accounts by escrow agents who shall facilitate the draw-down of funds from the escrow account in keeping with stipulations and criteria set out in the agreement.

 

The role and responsibility of escrow agents’ will be the following:

 

  •  Opening a separate escrow account for each escrow agreement in the name of the escrow agent
  •  Keeping all escrow funds for each approved project separate from any other funds or accounts held by the escrow agent
  •  Transferring monies and interests in the escrow account to the party entitled in accordance with the terms of the escrow agreement
  • Issuing evidence of all transactions, including evidence of monies being deposited or other transactions of the party conducting the transaction and notifying the other party and the Committee in writing.
  • Only disbursing sums from the escrow account following a signed withdrawal notice from the Committee and in accordance with the escrow agreement
  • Giving written reports regarding all monetary transactions and the balance on the escrow account to both developer and the Committee.
  • Closing the escrow account and notifying the parties. When the terms of the escrow agreement have been fulfilled and monies have been transferred from the escrow account; or . If the agreement is terminated

 

The selected escrow agents shall be placed on the Committee’s Roster of Escrow Agents. The Developer of an approved project and the Committee will jointly select an escrow agent from the Roster to enter into an escrow agreement for the management of the escrow account of the developer’s approved project.

 

Banks, attorneys and chartered accountants can apply to provide the services of escrow agent. The Last date for the Escrow agent proposals must be received at the Citizenship by Investment Unit by August 14, 2020.

 

More information is available here

Malta’s New Residency Regulations to Benefit Us All

Prabhu Balakrishnan
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Malta’s New Residency Regulations to Benefit Us All

by Hon. Alex Muscat – Parliamentary Secretary for Citizenship and Communities

 

We genuinely believe in a spirit of dialogue, especially on matters that are as close to our hearts as citizenship.

 

This is a subject that is related to our very identity; our very own place in a very diverse world. This is precisely why we have pricked our ears and paid special attention to the criticism that the old programme received and availed ourselves to the constructive opinions of all those who provided them. We acted in a rational manner, because citizenship is a matter that deserves to be treated without any divisive blinkers. There is no political hue that should be attributed to it.

 

Many of you have asked: are we selling our national identity? We will not hesitate in our reply: national identity can never be sold. We are providing the opportunity for a number of exceptionally talented people to invest in our islands.

 

We will do all this by completing the existing Individual Investor Programme, closing the Malta Individual Investor Programme Agency, reforming all residence regulations, and establishing a new agency that will be responsible for the administration and the running of all paths leading to Maltese citizenship and revise the related legal framework. It must be said that there are many countries who offer similar opportunities, with far less stringent attention and due diligence processes.

 

Some have asked whether it is in our best interest to stop processes related to citizenship altogether, in view of criticism from European fora surrounding the subject. In reality, the attribution of nationality is an exclusive competence of individual EU Member States. It is in our national interest to protect our sovereignty, a principle that is also enshrined in EU law.

 

Under the new regulations, an applicant must be a resident in Malta for three years before applying for citizenship. Or exceptionally through a higher investment in Malta, this can be done after one year of residence. Previous experience shows us that a number of applicants opened various businesses in Malta. To date, over 70 companies have been opened by successful applicants. I want even more. In this context, I have asked the Chamber of Commerce for their helping hand in this regard.

 

Interested residents who want to apply for citizenship will be required to apply for an eligibility assessment before applying for citizenship. At this stage, they will be subject to thorough due diligence. The new agency will be implementing the toughest criteria for due diligence and background verification reporting around the world. It will cooperate more with local and foreign investigative and law enforcement authorities, the MFSA, FIAU, and tax authorities.

 

An independent regulator, appointed in consultation with the Opposition, will scrutinise the application process executed by the Agency and all resultant decisions. Agents, with authority to assist applicants, will be limited to a set of professions familiar with the laws related to preventing money laundering and the financing of terrorism. The names of all individuals who attain Maltese citizenship will continue to be published.

 

Why are we going through all this process? Largely because these new regulations will generate revenue for the Maltese islands in times and areas of economic need.

 

Although this is a new initiative separate from the IIP, the benefits of Malta’s policy for attracting international investment are noticeable across the country especially through multi-million euro investments; including €50 million in social housing projects with 500 new social housing units at 22 different sites, the €10 million project for the upgrading of 8 health centers and 54 clinics, a €950,000 investment in Mater Dei Hospital’s Cardiology Department to upgrade its two catheterisation suites and €5 million to Puttinu Cares for the construction of new apartments for cancer patients and their families in London. The previous programme has helped build Malta’s ‘war chest’ which is being used in these times of global pandemic.

 

The new regulations will be made available to 1,500 families. In reality, the EU welcomes 700,000 new citizens every year. In other words they make up 0.1% of the total new EU citizenry per year. And these persons are highly vetted, unlike the majority, who undergo a far more lenient screening process or none at all.

 

It is with an attitude of dialogue that we are willing to communicate on a national and international level, both with stakeholders and with those who take a genuine interest in matters that concern their own country.

 

We remain eager to communicate about this subject in a detailed manner, so that we can engage in healthy discussions. We count on informed opinions and we are confident that consensus can be found on a subject that matters so much to the citizens of Malta and Gozo.

 

Source: iip.gov.mt

EU tightens rules for companies with links to tax havens

Prabhu Balakrishnan
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0
EU tightens rules for companies with links to tax havens

The European Commission has made recommendations to member states to cut financial support to companies with links to countries that are on the EU’s list of non-cooperative tax jurisdictions. These measures were taken to prevent the misuse of public funds and to strengthen safeguards against tax abuse throughout the EU

 

Restrictions apply to companies that have been convicted of serious financial crimes, including, among others, financial fraud, corruption, non-payment of tax and social security obligations.

 

Currently there are 12 countries including territories blacklisted by European Commission

  • American Samoa,
  • Fiji,
  • Guam,
  • Oman,
  • Samoa,
  • Trinidad and Tobago,
  • US Virgin Islands,
  • Vanuatu,
  • Cayman Islands,
  • Palau,
  • Seychelles,
  • Panama

 

Member States should also agree to reasonable requirements for companies to prove that there is no link with a jurisdiction on the EU list of non-cooperative tax jurisdictions.  They must also inform EC periodically on the measures taken on the subject.

 

It is up to Member States to decide if they wish to grant financial support and to design measures in line with EU rules, including State aid rules, and their policy objectives. The coronavirus outbreak has required unprecedented efforts at both national and EU level to support Member States’ economies and facilitate their recovery.

 

The full information is available here

Due Diligence: Time for Agents to Step Up

Prabhu Balakrishnan
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0
Due Diligence: Time for Agents to Step Up

by Martin Dubbey Managing Director, Harod Associates

Oxford Analytica recently published a report: Due Diligence in Investment Migration, within which details the minimum recommended industry standard for the investment migration market. This report is co-authored by the IMC, BD, Exiger and Refinitiv.

Harod is one of the providers for due diligence (DD) in this market and as such is experienced in the quality of applicants and their agents. It has been noted by Harod, and no doubt others, that the quality of applications is at times much to be desired, despite industry standard recommendations detailed within this report:

For example:

The report sets out that it is the role of agents to initially screen candidates, this empowers the agents to reject candidates that fail (or could fail) to meet the due diligence requirements. It is appreciated Agents have competing interests between on boarding a new client for revenue against applying a robust KYC/ due diligence process that could cause the Agent to reject the client. Harod would argue the latter out-weighs the former as the reputational risk to the Agent will, in the long run become tarnished if it becomes apparent they are not undertaking any background verification and putting forward poor standard of applicants.

Martin Harod
Martin Dubbey, Managing Partner and Senior Investigator, Harod Global Investigative Solutions

As such, agents have the first opportunity to identify and reject candidates that fail to meet due diligence requirements. As part of their KYC regime one key factor that should be assessed is the legitimacy of the sources of funds.

In Harod’s experience, 80% of red flags raised relate to source of funds and general finances. This causes from an AML perspective an immediate concern. Many of these flags may not have been raised had the applicant provided sufficient and up to date documentary evidence with their application.

Most common issues are:

Historic banking statements supplied, insufficient funds within said banking statements, business accounts provided (not personal), inflation of bank account immediately prior to application from unknown sources, lack of evidence of salary and finally lack of detail within statements, making assessment of source impossible.

When red flags are raised, this causes delay and additional work for the client, agent and applicant post the DD process.

Also raised by this report, is the lack of uniform regulatory oversight and the need for minimum standards, it is suggested that consistent documentation should first be addressed. There are many instances where applications are wholly incomplete, we have experienced:

1. Missing pages from application forms

2. Declaration pages not signed

3. Documentation missing, such as Criminal record checks for additional jurisdictions, ID / residency cards. Most common is lack of birth / marriage certificate. Lack of accuracy where the main applicants provides an address for a dependent applicant that differs from that declared by the dependent. In several cases we have seen differing dates of birth, between all applicants of large families. These errors immediately demonstrate the Agent has not undertaken even the most basic of checks. Harod has a recent case where children (under the age of four) were resident in a different jurisdiction (and continent) to the main applicant (their mother). No explanation of the disparity was provided.

These basic errors immediately put the DD provider on “alert” and raise the suspicion that the Agent has not even done basic due diligence on the client. Agents have a duty to their clients and these basic errors are not meeting this requirement. Even worse is when agents are tempted to cut corners as for example Harod have found fake signatures and job references. These will be found out, it is not worth the short cut in the long run.

All areas of the industry need to work together to maintain the integrity of these programmes. Harod have proposed for some time that a register of agents, where those involved in falsifying documents can be flagged up to other DD providers.

About

Harod Global Investigative Solutions is led by founder and Managing Director, Martin Dubbey. Martin worked in UK law enforcement for more than 30 years, with HM Customs and the Serious Organised Crime Agency (now the NCA). Harod retains state-of-the-art proprietary cyber technology which supports our extensive team of leading global investigators. Over recent years, we have also helped identify more than $1billion in hidden assets, both onshore and offshore.

Harod

Martin Dubbey Managing Director
Aimee Lisle (MSc Counter Fraud, Counter Corruption and Intelligence, IM – Investment Migration Certificate)
Senior Investigator
Harod
www.harodassociates.com

This article appeared in the first edition of the CBI citizen magazine

The Idea Behind Development of Citizenship Coin

Prabhu Balakrishnan
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The Idea Behind Development of Citizenship Coin

by Prabhu Balakrishnan, Founder of Citizenship Coin Startup

 

I was the architect of Citizenship coin project back in 2018, being a lead developer, it was one of the most exciting projects i was ever involved in. I spearheaded the development taking digital technologies to new level with great interest. My background in machine learning and algorithmic skills came in handy in the coin development.

 

Dont Ignore Cryptocurrencies

 

In recent years Cryptocurrencies has emerged as new asset class a $120 billion market today, traded in Wall street and stock markets worldwide. Bitcoin and other cryptocurrencies have resisted Covid-19 and Government takeovers, remains an important asset for financial freedom and privacy in the age of capitalism. Experts recommend a small percentage of wealth management portfolio invested in crypto assets. Hence it is impossible to ignore Bitcoin and other cryptocurrencies which emerged recently as as a new source of wealth creation.

 

Crypto currencies were extremely popular at that time, i came about a new idea of linking a crypto asset  to citizenship by investment by creating a new coin powered by blockchain for the CBI industry to address volatility, due diligence, de-risking issues from bank monopoly, a much cheaper and easier way to transfer large sums of money to boost real estate transactions for citizenship purpose.

 

After months of development, we launched the project in April 2018. We demonstrated full working model of the project by issuing free coins with free source code on Github for the industry to work together in the development of citizenship coin..

 

Citizenship Coin

Citizenship coin is a non-volatile cryptocurrency tied to Euro currency so that one coin equals the value of one euro.

1 CTZ = 1 EUR

A total of 20 million minted pre-mined coins available for transactions which can be exchanged through our own Crypto bank. www.citizenshipcoin.org

 

We did not stop with just the coin, we extended the idea even to become our own licensed Crypto (‘C’) bank. The bank would issue coins after verifying KYC/DD to all users. Coin assets can be exchanged with the ‘C’ bank to fiat anytime.

 

The Problem

 

Bitcoin and other traditional cryptocurrencies cannot be used within the CBI/RBI industry due to extreme volatility, due to their nature of anonymity it is impossible to do due diligence and verify source of funds. These funds could be illegally obtained through hacking, viruses, scams, terrorism, drugs and will fail all compliance checks. It is precisely for these problems it has become impossible to open bank account for crypto startups in friendly countries that support virtual currency

 

What we need is our own custom built coin offering cheaper faster payment system in compliance with all national and international Govt rules (AML/CFT)

 

Our Solutions

 

We solved the problem of volatility by tieing the coins to euros, a strong, well known and trusted fiat currency. We then solved the problem of due diligence and verifying lawful source of funds by establishing our own crypto bank complying with existing regulations. We finally solved the derisking problem by switching to EUR instead of US dollar, thus avoiding transactions passing through US financial system. ‘C’ Bank would protect all assets through insurance keeping assets in cold storage vault.

 

The Launch of the Citizenship coin in April 2018 took the industry by surprise despite blockchain and cryptocurrencies in infancy and difficult topic to understand. I still believe it was way ahead of time. After some marketing, we received investor interests for our startup.

 

Our startup still in development and by the end of 2020, we will launch a app to safely transfer, trade citizenship coins. We are in the planning stages to identify crypto friendly jurisdiction for a license.

Despite our initial failures, we will keep pushing our luck making our startup a success for the CBI industry. We still have miles to go!

 

Due Diligence of Cryptocurrencies

 

There are over 1600 crypto coins in the market and accepting cryptocurrencies carry hight risks

The Basic underlying problem with accepting bitcoin and other cryptocurrencies is identifying the lawful nature of the funds. Many agents and real estate developers do accept bitcoin but again the problem is you dont know where it comes from. For this reason no Govts accept cryptocurrency for citizenship by investment purpose.

 

At Best Citizenships, though we are capable of accepting any cryptocurrency, we tell clients first to convert their crypto assets to fiat, withdraw to bank account using Coinbase and then pay for citizenship or residency. This way we know they undergo DD/Compliance checks done by banks. Many retail banks are hostile towards these transactions they go as far as freezing accounts.

 

Accepting cryptocurrencies carry high risks as the money could come from hacking, stealing, viruses, drugs etc.

 

Crypto cleansing (mixing) is another technique used to evade international sanctions. The money launderers layer multiple privacy coins (Zcash, Monero), exchanges and digital addresses to sever the audit trail, effectively preparing illicit funds by cleansing them for integration back into the traditional financial system.

 

Cryptocurrencies are used for illegitimate activities like money laundering, terrorist financing, hacking, stolen funds, drugs, sanctions and tax evasion. It is also illegal to use in many countries.

 

Cryptocurrency research group CipherTrace conducted an analysis of 45 million transactions from the top 20 cryptocurrency exchanges globally and found that $2.5bn laundered due to lax AML regulations. 97% of direct bitcoin payments from identifiable criminal sources were received by unregulated cryptocurrency exchanges. Hackers have stolen $1bn worth of cryptocurrencies last year

First Edition of CBI Citizen Magazine

Prabhu Balakrishnan
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0
First Edition of CBI Citizen Magazine
We are excited to publish our first edition of CBI Citizen Magazine Vol 1 for 2020. We have featured several distinguished guests in the industry. This is a free digital copy of the magazine for free download.   We have covered several topics in this edition.
  • Introduction
  • Second Passport – A New Asset Class
  • Dual Citizenship – The Foundation for Citizenship by Investment
  • Golden Passports – A New Trend in 2020
  • I am a World Citizen
  • E-2 Visas – Lawful route to US residency
  • Schengen – A Landmark achievement towards free movement
  • Evolution of Citizenship
  • Genesis of Passports
  • No Passport for Her Majesty
  • Due Diligence – Time for Agents to Step up
  • Importance of Schengen Visas in Vetting
  • Privacy in Camouflage passports
  • Invest in Dutch Innovation
  • Canada Residency for Entrepreneurs
  • Exciting Times Ahead for Saint Lucia
  • Greece Golden Visa
  • Germany as a Business Destination
  • Cryptocurrency Digest
  • Best Passport Rankings 2020
  • Malta’s Gold Standard Vetting – A Feather out of Textbook
  • History of Diplomatic Immunity
  • Prosperity in St Kitts and Nevis
  • Cyprus – A Magnet for Millionaires
  • The Rise of Digital Citizenship
  • Montenegro – A Brand New Citizenship Program
Download Free – pdf format Please contact us if you want a high quality print edition of the magazine.
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