WIC News Reporter Ā»

Most of the nations offering Citizenship by Investment, mainly in the Caribbean, follow a multi-layered Due Diligence procedure by third parties. It is used to vet the applicants of the CBI Programme ā€“ to ensure that an individual or a family has not been involved in any illicit activity. However, both programmes of Vanuatu lacks proper due diligence procedure, which could be the reason leading to be in blacklisting.

According to officials, by the near future, the arbitration to blacklist Vanuatu from the visa-free list of the EU and UK would be recommended due to the inadequate procedure of vetting the applicants, which might pave the path for illegal activities in the respective countries.