THE FINCEN ADVISORY WARNING ABOUT THE USE OF ST. KITTS PASSPORTS TO COMMIT FINANCIAL CRIME REMAINS IN EFFECT

A check of the records of the Financial Crime Enforcement Network (FinCEN) indicates that the agency never revoked or cancelled its 2014 Advisory entitled Passports Obtained through St. Kitts and Nevis Citizenship-by-Investment Program Used to Facilitate Financial Crime,  which we have shown here for those who were engaged in the AML/CFT compliance field in 2014, or who never were aware of its existence. Therefore, it must be considered to still be binding on covered financial entities for AML purposes. 

The Advisory should be read in the context of the current situation, where evidence indicates that thousands of SKN CBI passports have been issued with zero due diligence, to mainly Chinese nationals, who are prohibited by the laws of the Peoples' Republic to hold dual citizenship, under contracts determined to be illegal under Kittitian law, many of whom are now being charged with financial crime, industrial espionage,  FARA violations and other offenses.