THE CAMPAIGN TO EXPOSE FRAUD AND CORRUPTION IN THE CITIZENSHIP BY INVESTMENT INDUSTRY SHIFTS TO DOMINICA

If you have been following the news, regarding the unfolding scandal of fraud, money laundering and corruption that pervades the economic passport (CBI/CIP) industry in the East Caribbean, you must know that first, Saint Kitts & Nevis, and then Saint Lucia were exposed to the billion dollar fraud, perpetrated by the Chinese-owned consultancy, CARIBBEAN GALAXY GROUP, in those two island states.

Then, we learned of the operation of a massive illegally-discounted passport sale fraud in Grenada, by the new Dubai-based HENGSHENG GROUP, also under Chinese ownership. This second phase of the scandal is about to further stain an industry that prefers to label itself "Investment Migration," although its primary focus is selling passports facilitating visa-free access to the UK & EU, for individuals from countries of elevated or high risk.

Now, given that we know that a large number of incriminating documents, have been produced in an unrelated legal proceeding, constituting evidence that passport agents licensed by the Commonwealth of Dominica have sold a very large number of illegal citizenships to that country, you can expect that the scandal will expand to that state. In fact, the most popular article on the subject happens to be:

DOMINICA CONTINUES TO SELL CBI PASSPORTS AT AN ILLEGAL DISCOUNTED RATE, IN VIOLATION OF THE MEMORANDUM OF AGREEMENT IT SIGNED LAST YEAR

Therefore, we can fully expect civil litigation over Dominica's illicit program during 2025; the big question is, of course, whether those deposits of CBI payments by the country's banks, into correspondent accounts in the United States, which by definition constitute money laundering under The Money Laundering Control Act of 1986, will result in indictments of the Dominican players this year. Caribbean insiders are watching for it, and the impact it will have on the future of the economic passport industry in general; Stay tuned.