China maximumly reduces COVID-19’s impacts on economic, social development

BEIJING, Dec. 26, 2022 /PRNewswire/ — A report from People’s Daily: As China optimizes its pandemic response measures, regions across the country have resumed work, industrial production and commercial activities.

A tunnel of the Shenyang-Baishan high-speed railway in Baishan city, northeast China’s Jilin province has resumed construction; in the Haikou International Duty Free City in south China’s Hainan province, consumers are lining up in front of cashiers; an enterprise in Changde, central China’s Hunan province recently received a 20-million-yuan ($2.87 million) export order…

In 2020, China became the first major economy to attain positive economic growth; in 2021, the country’s GDP topped 114 trillion yuan, with its two-year average growth standing at 5.1 percent; this year, the Chinese economy withstood pressure and kept consolidating the trend of recovery.

Practices proved that China has explored a path that well coordinates pandemic control and economic and social development. The country has to the maximum extent protected people’s lives and health, and reduced the impacts from COVID-19 on economic and social development to the fullest.

Coping with COVID-19 is a major test of the century, in which the most important thing is to ensure the safety of the people while advancing economy and livelihood. In the recent three years, China has constantly adjusted and optimized its prevention and control measures in accordance with the new features of the variants and the development of the pandemic.

Over the recent three years, China has offered over a trillion yuan in tax relief for individual businesses and seen its annual grain output standing at more than 650 billion kilograms. It has launched a series of signature projects to promote high-quality development and released domestic demand through halving vehicle purchase tax and issuing consumption coupons.

China has coped with difficulties with science-based policies. It front-loaded and strengthened macro policies and accelerated the targeted implementation of micro policies, which boosted the confidence and relieved the burden of market entities. The country’s efforts stabilized the general economic and social development and realized economic recovery.

Now China has come to a new stage of pandemic response and optimized its control measures in accordance with the dynamics of COVID-19. It is earnestly implementing the new control measures, ensuring medical supply and services for the people, focusing on the control work for seniors and people with underlying diseases, ensuring people’s health and preventing patients from developing critical symptoms.

At present, the momentum for China’s rapid economic rebound is being accumulated and released. The Chinese economy enjoys strong resilience, huge potential and strong vitality. The fundamentals sustaining China’s long-term economic growth remain unchanged, and so do the factors supporting the country’s high-quality development.

It is believed that as China further implements its new COVID-19 response measures and the country’s policies to stabilize its economy continue taking effect, China’s economic and social vitality will be released to the maximum extent, contributing to the country’s economic recovery.

China to End Quarantine on Arrival in Fresh COVID Rule Relaxation

China said Monday it would scrap mandatory quarantine on arrival, further unwinding years of strict virus controls as the country battles a surge in cases.

Having mostly cut itself off from the rest of the world during the pandemic, China is now experiencing an unprecedented surge in infections after abruptly lifting restrictions that torpedoed the economy and sparked nationwide protests.

And in a sudden end to nearly three years of strict border controls, Beijing said late Monday it would scrap mandatory quarantines for overseas travelers.

Since March 2020, all passengers arriving in China have had to undergo mandatory centralized quarantine. This decreased from three weeks to one week this summer, and to five days last month.

But under new rules that will take effect January 8, when COVID-19 will be downgraded to a Class B infectious disease from Class A, they will no longer need to.

“According to the national health quarantine law, infectious disease quarantine measures will no longer be taken against inbound travelers and goods,” the National Health Commission (NHC) said.

The move is likely to be greeted with joy from Chinese citizens and diaspora unable to return and see relatives for much of the pandemic.

But it comes as China faces a wave of cases that studies have estimated could kill around one million people over the next few months.

Many are now grappling with shortages of medicine, while emergency medical facilities are strained by an influx of undervaccinated elderly patients.

“At present, COVID-19 prevention and control in China are facing a new situation and new tasks,” President Xi Jinping said in a directive Monday, according to state broadcaster CCTV.

“We should launch the patriotic health campaign in a more targeted way… fortify a community line of defense for epidemic prevention and control, and effectively protect people’s lives, safety and health,” he said.

‘Impossible’ to track

Hospitals and crematoriums across the country have been overflowing with COVID patients and victims, while the NHC on Sunday announced it would stop publishing daily nationwide infection and death statistics.

That decision followed concerns that the country’s wave of infections is not being accurately reflected in official statistics.

Beijing has admitted the scale of the outbreak has become “impossible” to track following the end of mandatory mass testing.

And last week, the government narrowed the criteria by which COVID-19 fatalities were counted — a move experts said would suppress the number of deaths attributable to the virus.

The winter surge comes ahead of two major public holidays next month, in which millions of people are expected to travel to their hometowns to reunite with relatives.

Authorities are expecting the virus to hit under-resourced rural areas hard, and on Monday called for the guaranteed supply of drugs and medical treatment during New Year’s Day and late January’s week-long Lunar New Year holiday.

In recent days, health officials in the wealthy coastal province Zhejiang estimated that one million residents were being infected per day.

The coastal city of Qingdao also predicted roughly 500,000 new daily infections and the southern manufacturing city of Dongguan eyed up to 300,000.

Unofficial surveys and modelling based on search engine terms suggest that the wave may have already peaked in some major cities like Beijing and Chongqing.

A poll of over 150,000 residents of the southwestern province of Sichuan organized by disease control officials showed that 63% had tested positive for COVID, and estimated that infections peaked Friday.

Only six COVID deaths have been officially reported since Beijing unwound most of its restrictions earlier this month.

But crematorium workers interviewed by AFP have reported an unusually high influx of bodies, while hospitals have said they are tallying multiple fatalities per day, as emergency wards fill up.

The main funeral service center in the southern metropolis of Guangzhou postponed all ceremonies until January 10 to focus on cremations due to the “large workload,” according to a notice published online Sunday.

China’s censors and mouthpieces have been working overtime to spin the decision to scrap strict travel curbs, quarantines and snap lockdowns as a victory, even as cases soar.

Source: Voice of America

Long COVID: Could Mono Virus or Fat Cells Be Playing Roles?

A British historian, an Italian archaeologist and an American preschool teacher have never met in person, but they share a prominent pandemic bond.

Plagued by eerily similar symptoms, the three women are credited with describing, naming and helping bring long COVID into the public’s consciousness in early 2020.

Rachel Pope, of Liverpool, took to Twitter in late March 2020 to describe her bedeviling symptoms, then unnamed, after a coronavirus infection. Elisa Perego in Italy first used the term “long COVID,” in a May tweet that year. Amy Watson in Portland, Oregon, got inspiration in naming her Facebook support group from the trucker cap she’d been wearing, and “long hauler” soon became part of the pandemic lexicon.

Nearly three years into the pandemic, scientists are still trying to figure out why some people get long COVID and why a small portion — including the three women — have lasting symptoms.

Millions of people worldwide have had long COVID, reporting various symptoms including fatigue, lung problems, and brain fog and other neurological symptoms. Evidence suggests most recover substantially within a year, but recent data show that it has contributed to more than 3,500 U.S. deaths.

Here’s some of the latest evidence:

Women more at risk?

Many studies and anecdotal evidence suggest that women are more likely than men to develop long COVID.

There could be biological reasons.

Women’s immune systems generally mount stronger reactions to viruses, bacteria, parasites and other germs, noted Sabra Klein, a Johns Hopkins professor who studies immunity.

Women are also much more likely than men to have autoimmune diseases, where the body mistakenly attacks its own healthy cells. Some scientists believe long COVID could result from an autoimmune response triggered by the virus.

Women’s bodies also tend to have more fat tissue and emerging research suggests the coronavirus may hide in fat after infection. Scientists also are studying whether women’s fluctuating hormone levels may increase the risks.

Another possible factor: Women are more likely than men to seek health care and often more attuned to changes in their bodies, Klein noted.

“I don’t think we should ignore that,” she said. Biology and behavior are probably both at play, Klein said.

It may thus be no coincidence that it was three women who helped shine the first light on long COVID.

Pope, 46, started chronicling what she was experiencing in March 2020: flu-like symptoms, then her lungs, heart and joints were affected. After a month she started having some “OK” days, but symptoms persisted.

She and some similarly ill colleagues connected with Perego on Twitter. “We started sort of coming together because it was literally the only place where we could do that,” Pope said. “In 2020, we would joke that we’d get together for Christmas and have a party,” Pope said. “Then obviously it went on, and I think we stopped joking.”

Watson started her virtual long haulers group that April. The others soon learned of that nickname and embraced it.

Mono virus

Several studies suggest the ubiquitous Epstein-Barr virus could play a role in some cases of long COVID.

Inflammation caused by coronavirus infection can activate herpes viruses, which remain in the body after causing an acute infection, said Dr. Timothy Henrich, a virus expert at the University of California, San Francisco.

Epstein-Barr virus is among the most common of these herpes viruses: An estimated 90% of the U.S. population has been infected with it. The virus can cause mononucleosis or symptoms that may be dismissed as a cold.

Henrich is among researchers who have found immune markers signaling Epstein-Barr reactivation in the blood of long COVID patients, particularly those with fatigue.

Not all long COVID patients have these markers. But it’s possible that Epstein-Barr is causing symptoms in those who do, although scientists say more study is needed.

Some scientists also believe that Epstein-Barr triggers chronic fatigue syndrome, a condition that bears many similarities to long COVID, but that also is unproven.

Obesity

Obesity is a risk factor for severe COVID-19 infections and scientists are trying to understand why.

Stanford University researchers are among those who have found evidence that the coronavirus can infect fat cells. In a recent study, they found the virus and signs of inflammation in fat tissue taken from people who had died from COVID.

Lab tests showed that the virus can reproduce in fat tissue. That raises the possibility that fat tissue could serve as a “reservoir,” potentially fueling long COVID.

Could removing fat tissue treat or prevent some cases of long COVID? It’s a tantalizing question, but the research is preliminary, said Dr. Catherine Blish, a Stanford infectious diseases professor and a senior author of the study.

Scientists at the University of Texas Southwestern Medical Center are studying leptin, a hormone produced by fat cells that can influence the body’s immune response and promote inflammation.

They plan to study whether injections of a manufactured antibody could reduce leptin levels — and in turn inflammation from coronavirus infections or long COVID.

“We have a good scientific basis together with some preliminary data to argue that we might be on the right track,” said Dr. Philipp Scherer.

Duration

It has been estimated that about 30% of people infected with the coronavirus will develop long COVID, based on data from earlier in the pandemic.

Most people who have lingering, recurrent or new symptoms after infection will recover after about three months. Among those with symptoms at three months, about 15% will continue to have symptoms for at least nine more months, according to a recent study in the Journal of the American Medical Association.

Figuring out who’s at risk for years-long symptoms “is such a complicated question,” said Dr. Lawrence Purpura, an infectious disease expert at Columbia University.

Those with severe infections seem to be more at risk for long COVID, although it can also affect people with mild infections. Those whose infections cause severe lung damage including scarring may experience breathlessness, coughing or fatigue for more than a year. And a smaller group of patients with mild initial COVID-19 infections may develop neurologic symptoms for more than a year, including chronic fatigue and brain fog, Purpura said.

“The majority of patients will eventually recover,” he said. “It’s important for people to know that.”

It’s small consolation for the three women who helped the world recognize long COVID.

Perego, 44, developed heart, lung and neurologic problems and remains seriously ill.

She knows that scientists have learned a lot in a short time, but she says “there is a gap” between long COVID research and medical care.

“We need to translate scientific knowledge into better treatment and policy,” she said.

Watson, approaching 50, says she has “never had any kind of recovery.” She has had severe migraines, plus digestive, nerve and foot problems. Recently she developed severe anemia.

She wishes the medical community had a more organized approach to treating long COVID. Doctors say not knowing the underlying cause or causes makes that difficult.

“I just want my life back,” Watson said, “and it’s not looking like that’s all that possible.”

Source: Voice of America

‘Avatar’ Sequel Sails to 2nd Week Atop the Box Office

“Avatar: The Way of Water” sailed to the top of the box office in its second weekend, bringing in what studios estimate Sunday will be a strong $56 million in North America — a sign that the sequel may stay afloat into the new year and approach the massive expectations that met its release.

James Cameron’s digital extravaganza for 20th Century Studios has made $253.7 million domestically in its first 10 days of release, compared to $212.7 million in the same stretch for 2009’s first “Avatar,” which would go on to become the highest-grossing film of all time.

While Cameron’s films like the “Avatar” original and “Titanic” tend to have serious legs at the box office, sequels tend to open big and decline quickly, complicating guesses on where the film will end up. Its second-weekend drop-off from the $134 million it made in its first was not precipitous, given the way blockbusters open.

“This is James Cameron’s first $100 million opener,” said Paul Dergarabedian, senior media analyst for Comscore “For this movie to have opened that big and only dropped 58%, it shows it has staying power.”

Globally, “The Way of Water” is already the third highest-grossing film released in 2022, bringing in $855 million — putting it behind only “Top Gun: Maverick” and “Jurassic World Dominion” — and is a lock to surpass $1 billion.

It’s also clear sailing for the film looking ahead, with more holiday time coming and no comparable competition until February, when Marvel’s “Ant-Man and the Wasp: Quantumania” is released.

Storms across the U.S. could keep people home, however.

“The biggest foe that Avatar is facing at this moment is the weather,” Dergarabedian said.

Universal’s animated Shrek spinoff, “Puss in Boots: The Last Wish,” featuring the voices of Antonio Banderas and Salma Hayek, finished a distant second with $11.35 million in its opening weekend.

Sony’s biopic “Whitney Houston: I Wanna Dance With Somebody” finished third with $5.3 million.

The weekend’s biggest disappointment was “Babylon,” the epic of early Hollywood from “La La Land” director Damian Chazelle starring Brad Pitt and Margo Robbie. In a nationwide release it brought in just $3.5 million, finishing fourth.

The tepid, $6.5 million opening weekend in October of director David O. Russell’s “Amsterdam,” another film, set in a similar period, that combined prestige, scope, star power and a celebrated auteur, brought industry worries that audiences just weren’t flocking to theaters for such films.

The concerns proved justified, as “Babylon” barely made more than half of the opening of “Amsterdam.”

The coming weeks in theaters, streaming showings and any nominations it may get could help “Babylon” rise above bomb status.

“I would say Babylon is a movie that isn’t about the opening weekend,” Dergarabedian said. “We’ll have to see what it does in the coming weeks then into the new year, particularly if it gets more awards buzz.”

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore, with Wednesday through Sunday in parentheses. Final domestic figures will be released Monday.

1. “Avatar: The Way of Water,” $56 million.

2. “Puss in Boots: The Last Wish,” 11.35 million.

3. “Whitney Houston: I Wanna Dance with Somebody,” $5.3 million.

4. “Babylon,” $3.5 million.

5. “Violent Night,” $3.14 million.

6. “Black Panther: Wakanda Forever,” $3 million.

7. “The Whale,” $924,000.

8. “The Menu,” $617,000.

9. “The Fabelmans,” $550,000.

10. “Strange World,” $410,000.

Source: Voice of America

China’s Zhejiang Has 1 Million Daily COVID Cases, Expected to Double

China’s Zhejiang, a big industrial province near Shanghai, is battling around a million new daily COVID-19 infections, a number expected to double in the days ahead, the provincial government said Sunday.

Despite a record surge of cases nationwide, China reported no COVID deaths on the mainland for the five days through Saturday, the Chinese Center for Disease Control and Prevention said Sunday.

Citizens and experts have called for more accurate data as infections surged after Beijing made sweeping changes to a zero-COVID policy that had put hundreds of millions of its citizens under relentless lockdowns and battered the world’s second-largest economy.

Nationwide figures from China had become incomplete as the National Health Commission stopped reporting asymptomatic infections, making it harder to track cases. On Sunday the commission stopped reporting daily figures, which the China CDC then published.

Zhejiang is among the few areas to estimate their recent spikes in infections including asymptomatic cases.

“The infection peak is estimated to arrive earlier in Zhejiang and to enter a period of elevated level around New Year’s Day, during which the daily new infection number will be up to two million,” the Zhejiang government said in a statement.

Zhejiang, with a population of 65.4 million, said that among the 13,583 infections being treated in the province’s hospitals, one patient had severe symptoms caused by COVID, while 242 infections of severe and critical conditions were caused by underlying diseases.

China narrowed its definition for reporting COVID deaths, counting only those from COVID-caused pneumonia or respiratory failure, raising eyebrows among world health experts.

The World Health Organization has received no data from China on new COVID hospitalizations since Beijing eased its restrictions. The organization says the data gap might be due to the authorities struggling to tally cases in the world’s most populous country.

‘Most dangerous weeks’

“China is entering the most dangerous weeks of the pandemic,” said a research note from Capital Economics. “The authorities are making almost no efforts now to slow the spread of infections and, with the migration ahead of Lunar New Year getting started, any parts of the country not currently in a major COVID wave will be soon.”

The cities of Qingdao and Dongguan have each estimated tens of thousands of daily COVID infections recently, much higher than the national daily toll without asymptomatic cases.

The country’s health care system has been under enormous strain, with staff being asked to work while sick and even retired medical workers in rural communities being rehired to help grassroots efforts, according to state media.

Bolstering the urgency is the approach of the Lunar New Year in January, when huge numbers of people return home.

Visits to Zhejiang fever clinics hit 408,400 a day — 14 times normal levels — in the past week, a Zhejiang official told a news conference.

Daily requests to the emergency center in Zhejiang’s capital, Hangzhou, have recently more than tripled on average from last year’s level, state television reported Sunday, citing a Hangzhou health official.

The eastern city of Suzhou said late Saturday its emergency line received a record 7,233 calls Thursday.

Source: Voice of America

Arctic Blast Sweeps US, Causes Bomb Cyclone

An arctic blast has brought extreme cold, heavy snow and intense wind across much of the U.S. — just in time for the holidays.

The weather system, dubbed a “bomb cyclone,” is disrupting travel and causing hazardous winter conditions. Where is this winter weather coming from, and what’s in store for the coming days?

What’s happening?

A front of cold air is moving down from the Arctic, sending temperatures plunging.

Much of the U.S. will see below-average temperatures, said Bob Oravec, lead forecaster for the National Weather Service in College Park, Maryland.

Temperatures may drop by more than 20 degrees Fahrenheit (11 degrees Celsius) in just a few hours, the National Weather Service predicts.

Wind chill temperatures could drop to dangerous lows far below zero — enough to cause frostbite within minutes. In parts of the Plains, the wind chill could dip as low as minus 70 degrees Fahrenheit (minus 57 Celsius).

Those in the Plains, the Upper Midwest and the Great Lakes were cautioned to expect blizzard conditions as heavy winds whip up the snow, according to the National Weather Service.

Who will be affected?

Pretty much everyone east of the Rockies — around two-thirds of the country — will see extreme weather, said Ryan Maue, a private meteorologist in the Atlanta area.

Though much of the West Coast will be shielded from the cold, the Arctic front is expected to pass east and south all the way through Florida.

Heavy snowfall and intense winds could be bad news for air travel, Oravec said.

And for those planning to hit the road for the holidays, “you’re going to have pretty serious whiteout conditions,” Maue cautioned.

How long will it last?

This weather system is expected to bring some major “weather whiplash,” said Judah Cohen, a winter storm expert for Atmospheric Environmental Research.

The cold isn’t going to stick around for long. After the dramatic plunge that will keep temperatures low for about a week, “everything will snap back to normal,” Cohen said.

Shortly after Christmas, temperatures are expected to start to warm up again, moving from west to east. They are likely to remain near normal through the end of the year in most of the U.S.

Why is this happening?

It all started farther north, as frigid air collected over the snow-covered ground in the Arctic, Maue said.

Then the jet stream — wobbling air currents in the middle and upper parts of the atmosphere — began pushing this cold pool down into the U.S.

As this arctic air is pushed into the warmer, moister air ahead of it, the system can quickly develop into serious weather — including what’s known as a “bomb cyclone,” a fast-developing storm in which atmospheric pressure falls very quickly over 24 hours.

These severe weather events usually form over bodies of water, which have lots of warmth and moisture to feed the storm, Maue said. But with the huge amount of cold air coming through, we could see a rare bomb cyclone forming over land.

Is this normal?

The storm is a strong one, but “not unheard of for the winter seasons,” Oravec said.

It’s pretty normal to have cold air build up in the winter. This week, though, shifts in the jet stream have pushed the air more to the southeast than usual, Oravec said — sweeping the freeze across the country and making storm conditions more intense.

The U.S. probably won’t reach record-breaking lows, like those seen in the cold snap of 1983 or the polar vortex of 2014, Maue said.

Still, “for most people alive, this will be a memorable, top-10 extreme cold event,” Maue said.

Source: Voice of America

WHO Chief Sees Global Health Emergencies Winding Down in 2023

World Health Organization Director-General, Tedros Adhanom Ghebreyesus gave a grim assessment of the many health challenges and threats people around the world have faced this year.

Topping the list was the COVID-19 pandemic that has sickened and killed millions of people for a third year. He noted a global outbreak of monkeypox, now known as mpox, an Ebola outbreak in Uganda, and cholera outbreaks in multiple countries as other health crises.

He said these emergencies were compounded by wars in Ethiopia and Ukraine, as well as climate disasters, including drought and flooding in the greater Horn of Africa and the Sahel, and flooding in Pakistan.

And yet, as 2022 draws to a close, he said there were many reasons for hope.

“The COVID-19 pandemic has declined significantly this year, the global monkeypox outbreak is waning, and there have been no cases of Ebola in Uganda for more than three weeks,” he said. “We are hopeful that each of these emergencies will be declared over at different points next year.”

While the pandemic is not over, Tedros said great progress has been made in containing its spread. He noted that one year ago, COVID-19 was killing 50,000 people a week. This now has dropped to fewer than 10,000 deaths a week.

Despite the significant decline, he cautioned the virus is here to stay and people have to learn how to manage the disease. He urged vigilance, masking, social distancing and, above all else, vaccinating.

2023

Looking ahead to next year, he said the WHO’s focus will be on health promotion and disease prevention.

“Instead of focusing on sick care like we do, we focus on health care, meaning keeping people healthy,” said Tedros. “And we will do everything to make that happen. But for that to happen, we will also focus on pushing for universal health coverage, especially with a shift to primary health care as a foundation.”

The WHO chief cited emergency preparedness and response as another priority. With new virus strains emerging, he emphasized the importance of doing everything possible to prepare the world for future pandemics.

Source: Voice of America

The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid-19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant’s application is submitted to the recipient government’s CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know-your-customer checks performed by local authorized agents; internal checks including anti-money laundering and counter-terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on-the-ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa-free access to.

“When looking at countries which are top-rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk-based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end,” said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times’ publication, Professional Wealth Management (PWM) this year. “We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes.”

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com.

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8719525