The Government of Saint Kitts and Nevis has formed a new “Continuing International Due Diligence (CIDD) Unit” to strengthen the CBI Programme and continue to protect the country’s premium standards and reputation, by collaboration with international partners.
The CIDD unit carefully monitors and investigates st kitts economic citizens abroad , who acquired passports through the CBI programme.
The CIDD Unit will be headquartered in Europe and will be responsible for conducting continuing due diligence on economic citizens worldwide.
The CIDD Unit works with anti-money laundering agencies, international law enforcement and anti-terrorist financing agencies if St. Kitts and Nevis citizens are being investigated for such matters. The CIDD Unit will also retrieve passports cancelled by the Ministry of National pursuant to the Passport and Travel Document Act Principle 5 of the US-Caribbean roundtable on CBI.
The CIDD Unit will create policies to mitigate ongoing risks that could be associated with St. Kitts and Nevis citizens who received citizenship via the CBI Programme. These measures were done, according to Prime Minister Drew, to minimise risks for international partners along with the Unit.
“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 that they respect the international laws as well. [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,” Dr. Drew added.
– Prime Minister Drew
The CIDD unit will seek to create policies to mitigate and address any risks associated with St. Kitts and Nevis citizens who obtained their citizenship via the CBI programme.
The new CIDD unit will be headed by former Commissioner of the Royal St. Christopher and Nevis Police Force and current Ambassador for the Eastern Caribbean States to the Kingdom of Morocco, His Excellency Ian Queeley.
The Continuing International Due Diligence (CIDD) Unit will be operationalised by July 31, 2024. The 2024 Citizenship by Investment Unit Act and the CIDD are part of ongoing improvements to the country’s CBI Programme, which aim to solidify the Federation’s position as the longest running, and most transparent Programme.
