Burke Files: OECD-Countries Themselves are the Main Beneficiaries of RCBI-Programs

by L. Burke FilesDue Diligence Expert   The OECD recently “blacklisted” 21 jurisdictions on the pretext that their CBI/RBI programs might be used to circumvent the Common Reporting Standards (CRS). The OECD’s report stated: “While residence and citizenship by investment (CBI/RBI) schemes allow individuals to obtain citizenship or residence rights through local investments or against

Read more

The Limitations of Automated Due Diligence for CBI-Applicants, by Burke Files

This article was contributed by L. Burke Files, President of the International Due Diligence Organization To a jurisdiction offering citizenship by investment, the risks associated with inadvertently granting citizenship to an “undesirable” are both great and many; They range from domestic and international political embarrassment to severe damage to the value of a nation’s citizenship

Read more