With the United States Department of State including four Eastern Caribbean CBI states on a possible visa ban, regarding the ability of their nationals to enter the United States, highlighting their concerns over the CBI programs and proper due diligence, there has been a significant new development that we wish to report at this time.
Reliable sources in Washington are advising that ongoing discussions are taking place among several Members of the United States Congress, regarding what is being called the Unfair Competition situation that Chinese companies have created in the Citizenship by Investment industry against American investors, as well as in other sectors abroad, such as energy. With the latest reset at the Department of Justice of foreign corruption laws, the sources have confirmed to me that discussions are currently being held in DC for a possible Congressional hearing regarding the Chinese involvement in Caribbean CBI programs and other fields including energy and infrastructure projects in South America which pose a National Security risk for the United States. The role and knowledge of the bank regulator, Eastern Caribbean Central Bank in this CBI scheme, as well as that of international marketers of CBI programs, including but not limited to CS Global, in the context of Chinese penetration of the CBI programs, have been mentioned in connection with the subjects of the Congressional inquiry.
I fully support this initiative regarding Congressional Hearings as this will be the only way to have a swift resolution of the failure to have the full transparency, which has been requested for years, from the Caribbean CBI programs, and the responsible CBI ministers, with respect to the widespread allegations of fraud, money laundering, corruption and compromised due diligence, posing a threat to the United States.