The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has revoked its 2014 advisory targeting St. Kitts and Nevis’ Citizenship by Investment (CBI) program. This decision, finalized on February 24, 2026, reflects recent enhancements to the program announced by government officials.
Background on the Advisory
Issued in 2014, the FinCEN advisory cautioned against potential misuse of the CBI program by specific individuals. It remained active until these reforms addressed key concerns, boosting international confidence in the initiative.
Major Reforms Implemented
Over the past three years, St. Kitts and Nevis strengthens its CBI framework with rigorous due diligence, higher minimum investment requirements, mandatory residency provisions, and biometric verification. These measures enhance applicant screening, data traceability, and overall security.
Regional Leadership in Regulation
St. Kitts and Nevis leads efforts to establish a regional regulatory authority for CBI programs across Eastern Caribbean states. This body promotes transparency, accountability, and consistent enforcement in the investment migration sector.
Government Commitment Under Dr. Terrance Drew
Since Dr. Terrance Drew’s administration took office in 2022, targeted changes elevate the program’s sustainability and global reputation. Improvements gain recognition from international partners as early as 2023. FinCEN’s action validates these ongoing efforts to maintain top industry standards.
St. Kitts and Nevis upholds its status as a reliable player in the global financial community through these reforms.
