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National Bank has not changed its money transfer policies according to CEO of St Kitts and Nevis CIU
October 24, 2017 - St Kitts and Nevis
Les Khan, the CEO of the Citizenship by Investment Unit (CIU) of St Kitts and Nevis, recently completed a trip to Dubai where he promoted a range of products available to those wishing to invest in St. Kitts and Nevis.
The mission afforded him the opportunity to raise awareness of the recently launched Hurricane Relief Fund (HRF), as well as to confirm the National Bank’s position with regard to their handling of international funds.
Khan, who is also the Chairman of the Citizenship by Investment Programmes Association (CIPA) said: “In order to seek clarity on the latest position, I discussed this with the acting CEO of National Bank who kindly confirmed that the bank’s policies have not changed. As you would expect, payments from or to any other country will be handled on a case by case basis and acceptance of such transactions are determined by the results of the due diligence performed in accordance with international conventions, including observing the OFAC Sanctioned List. We are very much open therefore to doing business with a host of countries which do not feature on that list.”
Countries on the OFAC Sanctioned List are Cuba, Iran, North Korea, Burma/Myanmar and Sudan.
As a Government Authorized Agent of the St Kitts and Nevis Citizenship by Investment Program, PassPro will gladly assist with any clarifications you may have regarding investing in the the country’s popular second citizenship program, which gives you access to the strongest passport in the Eastern Caribbean offering visa-free access to the UK, Schengen Zone, Singapore, Hong Kong and a host of other key business hubs. The country recently announced its citizens will enjoy visa-free access to Russia before the end of 2017.
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