BASSETERRE, St. Kitts, Thursday May 22, 2014, CMC – The St. Kitts-Nevis government says it remains committed to working with regional and international allies in bringing changes to the Citizenship by Investment Programme (CIB) amid concerned raised by the United States Treasury Department.

Earlier this week, Washington warned financial institutions to be on the lookout for “certain foreign individuals” abusing the St. Kitts-Nevis CIP programme.  An advisory issued by the Treasury’s Financial Crimes Enforcement Network (FinCEN) said those individuals were seeking to obtain St. Kitts-Nevis passports under the programme “for the purpose of engaging in illicit financial activity.

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