Charmaine Donovan, CEO of the Citizenship by Investment Unit, joined officials from five Eastern Caribbean countries offering Citizenship by Investment (CBI) programs at a recent roundtable in Grenada with the U.S. Department of the Treasury.
The meeting, co-chaired by ECCB Governor Timothy Antoine and U.S. Treasury’s Acting Deputy Assistant Secretary Warren Ryan, was the third U.S.-Caribbean CBI Roundtable.
Discussions focused on progress in implementing the Six CBI Principles, aimed at enhancing governance and mitigating money laundering and terrorism financing risks.
All CBI countries have fully implemented four of the principles, with efforts ongoing for the remaining two.
The U.S. welcomed the region’s move towards establishing an independent regulator, as outlined in the March 2024 Memorandum of Agreement, to oversee and enforce standards for the programs.