Launch of the CIP Due Diligence Index

An Analysis of Due Diligence Standards and Practices

Dr. Jean-Philippe Chetcuti | Published on 03 Jun 2019 | Updated on 19 Jun 2019

The CIP Due Diligence Report

Given the criticism the Investment Migration Industry has had to face in the last couple of years, Chetcuti Cauchi has set out to compile a comprehensive assessment of due diligence procedures followed by Citizenship by Investment Units (CIUs) or responsible agencies.  The CIP Due Diligence Index assesses the current due diligence procedures adhered in relation to Citizenship by Investment Programmes (CIPs). In addition to this, we propose an industry-wide due diligence framework based on the in-depth study and consequent results of the Index. 

The Index ranks the due diligence across Citizenship by Investment Programmes based on Chetcuti Cauchi’s 5 Pillars of CIP Due Diligence: Identification, Financial Due Diligence, Clearances, Enhanced Due Diligence, and Reputation. The 5 Pillars are comprised of 38 different criteria. 

The need for a CIP Due Diligence Index 

Beyond ranking due diligence, the CIP Due Diligence Index also addresses the primary concerns of relevant international institutions regarding perceived external repercussions of the investment migration industry. These have mainly revolved around security concerns, risks of money laundering, and the potential for circumventing EU laws and evading tax.  

The CIP Due Diligence Index addresses these concerns by putting forward a detailed overview of the established due diligence and compliance standards followed across the Citizenship by Investment industry. Based on this analysis, and having accumulated more than 15 years of experience in the industry, we also propose what more could be done to enhance procedures across the industry, as well as solidify its international standing and cohesiveness.  

 

 

 



Contact Us
Please send me legal and other updates
Key Contacts

Dr Jean-Philippe Chetcuti

Senior Partner, Global Residency & Citizenship

+356 22056411

Mr Kenneth Camilleri

Director, Tax & Immigration

+356 22056414

Dr Antoine Saliba Haig

Legal Associate

+356 22056446

Related Practice Groups
Related Practices