TOO LATE TO MATTER, THE CARIBBEAN STATES FINALLY ATTEMPT REGULATORY CONTROL OF CITIZENSHIP BY INVESTMENT.

"The Eastern Caribbean Central Bank's Monetary Council says the Eastern Caribbean Citizenship by Investment Regulatory Authority (ECCIRA) remains on track to begin operations in September 2026 as the region moves to strengthen oversight of its citizenship by investment programmes."

"The update came in a communiqué issued following the Council's 113th meeting in Dominica on Friday, where finance ministers and premiers from across the Eastern Caribbean Currency Union reviewed progress on regional initiatives."

We note that in September, the five Eastern Caribbean states with Citizenship by Investment economic passport programs are finally, after a two year delay, getting around to establishing a regional regulatory authority to control their CBI and CIP. Gentlemen, you are too little and far too late; regulation should have been created a decade ago, if not earlier. Are the five Prime Ministers of the CBI states really believing that, as this late stage, they can convince governments that have seen unqualified and dangerous applicants use their visa-free and low-risk passports to break the laws in Europe and North America, and introduce National Security threats? That is either the height of arrogance, or not living in the normal state of reality; CBI has worn out its welcome.

The EU, the UK, the United States and Canada have had enough of high-risk individuals purchasing Caribbean citizenships, with zero ties to the countries whose passports they use to enter their territories, for dark purposes, and which now are in the possession of nationals from countries hostile and adverse to the Western democracies. Perhaps all these national leaders might want to start building industries that create real jobs for their constituents, instead of feeding off of this easy money to pay unproductive government bureaucrats at agencies that really don't move their undeveloped economies forward, just provide salaries. Let us hope they now choose to do so, rather than engage in a futile fight to preserve CBI, which now faces an inevitable end game in the Caribbean.