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Grenada using JRCC as part of due diligence for CBI applicants

This story was posted 2 years ago
27 October 2020
in Business, Politics, Technology
2 min. read
Linda Taglialatela
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by Linda Straker

  • Joint Regional Communications Centre in Barbados is hub for due diligence probing
  • Grenada’s CBI programme uses JRCC due diligence
  • JRCC has available agencies like Interpol and other groups that have information on individuals

Grenada is one of the Eastern Caribbean islands with the Citizenship by Investment (CBI) programmes that are effectively using the Joint Regional Communications Centre (JRCC) due diligence facility to investigate applicants to its programme.

“Grenada is doing a good job. Grenada is using it more than some of the others,” US Ambassador to the OECS, Linda Taglialatela, said in a recent interview while on an official visit to the island.

Explaining that the USA through its embassy in Barbados has working arrangements with the islands which offer CBI programmes as an avenue for raising revenue, she said that the Joint Regional Communications Centre in Barbados is the hub for due diligence probing.

“We have working arrangements with the 5 islands in the eastern Caribbean which have an arrangement for due diligence through the JRCC,” said the ambassador who pointed out that all applications in each of the island should be vetted by the JRCC.

The JRCC is part of the Caricom Impacs Project and it is mainly responsible for the operations and management of advance passenger information system which screens passengers entering and exiting through Caricom air and seaports.

“Some countries are more diligent in doing so,” said Ambassador Taglialatela. “Once they get to the JRCC, it has available to them agencies like Interpol and all the other groups that have information on individuals.” The process, she explained, “So, they run all the names through the computer to see if any of them are on the wanted list or identified as people who have done things that are questionable. We then report back to each country what the JRCC has on them.”

The countries will then decide whether to reject or accept the applicant. A review of public records about Grenada’s CBI programme from January 2017 to June 2020 has shown that the cabinet rejected 140 applicants. The reason or reasons for the rejection were not disclosed.

The CBI programmes have raised millions in revenue for each of the islands and whereas it is an issue of concern for the USA because of who may become passport holders of islands which are offering the programme, the ambassador said that the USA is aware of the delicate balance between concern and revenue earning.

“The USA will prefer the countries do not have the CBI programme but at the same time, it understands the position because it’s putting money into the countries. We understand it as a way to raise revenue,” she said.

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Tags: caricomcbicitizenship by investmentjoint regional communications centrelinda strakerlinda taglialatelarevenue
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Comments 3

  1. T Joy says:
    2 years ago

    The CBI program is money for now but a sale to extinction. How do you sell something that was meant for the generations of slave descendant to enjoy and share amounst themselves. Are we at a point of desperation? Is it now too difficult to explore other streams of income for the country? I think not. We have not more options than we think. We need to think like Israel (a country built from a desert). What did they do? How did they develop their industries? How did they become so tech advanced. Can we create the nurturing environment to the youths to encourage and develop this mindset in Grenada. Israel is not selling its citizenship. As a matter of fact they are seeking more land. Selling your house and home to others is never a means of advancement. Money has a way of flying away. Land does not fly to foreign banks so easily. The CBI program should be a last resort. I mean when we plan to move to the next planet.
    The hope is that land on the earth would be rendered valueless. But I think we first have to qualify financially to get on the rocketship. Guess poor people not gonna be the chosen ones to relocate to mars. Stop selling the only thing we have -When we lose control of our homeland we have essentially loss it.

    Reply
    • John Thomas says:
      2 years ago

      What you have said is so true. No land, no nation; everything comes from the land.

      Reply
  2. Pelau71 says:
    2 years ago

    Is this Good for Grenada because it is said by a foreigner.

    Reply

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