Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Action being taken to protect economic citizenship programme, says St Kitts-Nevis PM
Published on June 25, 2014 Email To Friend    Print Version

By Clive Bacchus

BASSETERRE, St Kitts (WINN) -- Prime Minister Dr Denzil Douglas has promised that specific action will soon be taken to protect the billion-dollar St Kitts and Nevis citizenship by investment programme.

Prime Minister Dr Denzil Douglas
“There are specific things that we have to do to insulate our programme from being misused and abused in the way that the [US Treasury Department] advisory has indicated,” Douglas said on last week’s edition of his Ask the PM radio programme.

“The government continues to say that it is willing to work with any entity, any government to ensure that our programme continues to maintain its highest standards, continues to lead globally as the citizenship by investment programme that has been so successful and which has attracted so much support to the point where other countries have patterned it around the world. We will continue to work with the authorities to ensure that any issue with our particular programme is corrected,” Douglas said.

The Financial Crimes Enforcement Network (FINCEN) of the US Treasury Department recently issued an alert that certain foreign individuals were abusing the St Kitts and Nevis Citizen by investment programme for the purpose of engaging in illicit financial activities.

FINCEN accused the government of running a programme with lax controls that accommodated illicit actors. It said by way of example that, while the government had announced in 2013 that it would suspend applications from Iranian nationals, those Iranian nationals were in fact still being issued passports; an allegation refuted by the prime minister.

“The passport that was referenced in the advisory was a passport issued to a citizen who had obtained citizenship since 2012 that is before the… St Kitts and Nevis advisory of July of 2013 of not processing Iranians into our programme any longer,” he said.

“Also there was reference to some persons who were on a particular list that is published by the United States government. That list when those persons had obtained a citizenship they were never anywhere on the appropriate list. In fact, their due diligence report again was clean. They only got onto the list after they had become citizens of St Kitts and Nevis,” the prime minister asserted.

Related article:
Former minister questions sale of St Kitts passports for virtual currency

Republished with permission of West Indies News Network
Reads: 5061

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: