NEW YORK, June 18, 2015 /PRNewswire/ — IPSA International (IPSA), a wholly-owned subsidiary of root9B Technologies (OTCQB: RTNB), has urged the governments of Caribbean nations to adopt best practices in considering their Citizenship by Investment (‘CBI’) programs.
At a two-day event hosted by IPSA, which was held June 15-16 in the Caribbean, IPSA CEO Dan Wachtler asked the leaders in attendance to stress transparency, credibility, and efficiency in their programs. Representatives from Canada, the EU, the UK and the United States participated in the meeting to share and gather insights in a joint commitment to strengthen the CBI programs. The various immigrant investor programs provide significant socio-economic opportunities which depend on transparency to provide a trusted program, credibility to instill confidence, and efficiency for usefulness of resources.
Attendees of this two-day forum included Dr. Hon. Timothy Harris, Saint Kitts and Nevis Prime Minister; Hon. Gaston A. Browne, Antigua Prime Minister; Victoria Dean, British High Commissioner to Barbados and the Eastern Caribbean; Judith Gold, Deputy Division Chief at the International Monetary Fund; and government representatives from Dominica, Grenada, Canada and the United States.
“I am pleased to have been able to host this inaugural meeting to bring together the top officials of various citizenship programs,” said Wachtler. “This event was a first of its kind in promoting cross-country ideas for best-in-class processes to enhance the transparency, credibility and efficiency of these programs. These enhancements are intended to increase the effectiveness of the citizenship programs and to dissuade bad actors from applying.”
“I welcome the support of IPSA International in facilitating a common framework for a professional association,” said Dr. Hon. Timothy Harris, Saint Kitts and Nevis Prime Minister. “We are committed to running the best CBI program; this means a program distinguished for its efficiency as well as its integrity.”
The event focused on improvements to build a code of conduct and best practices based on agreed upon and verifiable standards. This requires consistent focus on sharing information and personnel and possible creation of a professional association. What has been proven already by other countries offering similar programs, an effectively run immigrant investor program, with proper structures, systems and oversight is an invaluable asset for any country.
“The planning of this event has been in the making for close to two years,” said Kim Marsh, IPSA’s Executive Vice President for International Operations. “We are very pleased we could bring together key players and very happy with the enthusiasm of the attendees. We think this conference will go a long way in improving transparency, credibility and efficiency of citizenship programs.”
“The CBI programs of the Caribbean should be transparent and honest,” said Victoria Dean, British High Commissioner. “This seminar is a good step in that direction.”
About IPSA International
IPSA International, a root9B Technologies, Inc. company, is a regulatory risk mitigation firm delivering advisory and investigative services globally in the areas of Anti-Money Laundering, Investigative Due Diligence, Enterprise Risk Management and Litigation Support. Our clients include public and private middle market businesses, multi-national corporations, financial institutions and governments. IPSA International has offices in the US, UK, Canada, UAE and Hong Kong, resources in over 75 countries and research capabilities in 20 languages. For more information, please visit us at www.ipsaintl.com.
About root9B Technologies, Inc.
root9B Technologies (OTCQB: RTNB) is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, root9B Technologies delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. For more information, visit www.root9btechnologies.com.
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SOURCE IPSA International