By Patrick Peters
CEO, ClientReferrals.com Ltd
As an immigration professional or applicant, if you have ever dealt with the Caribbean Citizenship by Investment Programs (CIPs), you have most likely experienced delays in transferring funds to these countries.
The root cause of these wire transfer delays in smaller economies is “de-risking”, which is defined by the US Department of State as “the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk.”
Simply put, the risk...