Treasury Issues Advisory on Use of St. Kitts and Nevis Citizenship-by-Investment Program to Facilitate Financial Crime

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Monday, September 1, 2014

Author:

Bruce Zagaris

Volume:

30

Issue:

9

Abstract:

On May 20, 2014, the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert financial institutions that certain foreign individuals are abusing the Citizenship-by-Investment program to facilitate financial crime.[1]