{"id":3127,"date":"2017-06-16T18:38:26","date_gmt":"2017-06-16T22:38:26","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=3127"},"modified":"2017-07-23T17:35:20","modified_gmt":"2017-07-23T17:35:20","slug":"oecs-countries-work-together-to-strengthen-cip","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/oecs-countries-work-together-to-strengthen-cip\/","title":{"rendered":"OECS countries work together to strengthen CIP"},"content":{"rendered":"
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Representatives from the region\u2019s five Citizenship by Investment Programmes (CIP) met in Saint Lucia today to explore opportunities for increased collaboration and harmonisation of due diligence processes.<\/p>

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The meeting, convened at the behest of Heads of Government of OECS Member States with CIP programmes, provided a platform\u00a0to discuss further harmonisation of CIPs across the region and consider ways in which strategic collaboration could enhance the quality and efficiency of the Citizenship by Investment service.<\/p>\n

Among other agenda items, the establishment of an equal standard for vetting of candidates and the implementation of an information sharing mechanism were outlined as areas for deeper cooperation.<\/p>

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Prime Minister of St. Lucia and incoming Chairman of the OECS Authority, Hon. Allen Chastanet, said that a shared intelligence system would streamline the due diligence process in each Member State.<\/p>

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\u00a0<\/strong>\u201cIf an applicant applies in St. Lucia and is rejected, mechanisms must be in place to ensure that this person does not surface elsewhere in the region as a citizen through another CIP,\u201d Prime Minister Chastanet said.<\/h6>\n<\/blockquote>\n

The meeting also reviewed and proposed amendments to a Policy & Procedures Manual prepared by the CARICOM Implementation Agency for Crime and Security (IMPACS).\u00a0 This feedback is to be forwarded to the CIP Standing Working Committee established by CARICOM.<\/p>\n

In his remarks to the Meeting, Director General of the OECS Dr. Didacus Jules noted that many of the leading Western Economies had some variant of the Citizenship by Investment Programme but still exerted pressure on poorer, more vulnerable countries doing the same.<\/p>

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\u201cWhen the weak and vulnerable are able to successfully engage on playing fields like these, every effort is made by the strong and powerful to change the rules of the game.<\/p>\n

\u201cOur only chance of winning is to make the integrity of these programs unassailable,\u201d he asserted.<\/h6>\n<\/blockquote>\n

The maintenance of international credibility and integrity for the region’s Citizenship by Investment Programmes was outlined as a priority.<\/p>\n<\/div>\n

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Representatives from the region\u2019s five Citizenship by Investment Programmes (CIP) met in Saint Lucia today to explore opportunities for increased collaboration and harmonisation of due diligence processes. The meeting, convened at the behest of Heads of Government of OECS Member States with CIP programmes, provided a platform\u00a0to discuss further harmonisation of CIPs across the region […]<\/p>\n","protected":false},"author":3,"featured_media":3128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,6],"tags":[],"class_list":["post-3127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-politics"],"yoast_head":"\nOECS countries work together to strengthen CIP - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/oecs-countries-work-together-to-strengthen-cip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OECS countries work together to strengthen CIP\" \/>\n<meta property=\"og:description\" content=\"Representatives from the region\u2019s five Citizenship by Investment Programmes (CIP) met in Saint Lucia today to explore opportunities for increased collaboration and harmonisation of due diligence processes. 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