U.S Department of Justice Indictment of Malaysian financier Jho Low Does Not Impact St Kitts & Nevis CIB Programme

Earlier this year during the month of June, Malaysian Prime Minister Mahathir Mohamad announced that Malaysia was seeking to arrest the financier, who was believed to be residing abroad.

U.S Department of Justice Indictment of Malaysian financier Jho Low Does Not Impact St Kitts & Nevis CIB Programme

The Citizenship by Investment Unit (CIU) in St Kitts & Nevis conducts checks on media and criminal databases, as well as sanctions lists, and makes a determination whether there are serious or pending legal, regulatory or political matters that would require consideration before any CIB application is approved.

The United States Department of Justice has indicted Malaysian financier Mr. Taek Jho Low, also known as “Jho Low,” for conspiring to launder billions of dollars in illegal proceeds and to pay hundreds of millions of dollars in bribes to various Malaysian and Abu Dhabi officials.

In light of this there have been considerations for St Kitts & Nevis as Mr. Jho Low became an economic citizen of The Federation under the previous Dr Denzil Douglas Administration in 2011. It is understood though that he has never spent any time in St Kitts and Nevis according to Immigration records.

Earlier this year during the month of June, Malaysian Prime Minister Mahathir Mohamad announced that Malaysia was seeking to arrest the financier, who was believed to be residing abroad.

At this time the Government of ST Kitts and Nevis under Prime Minister Dr. the Honourable Timothy Harris took the decision to deactivate Mr. Jho Low’s St. Kitts and Nevis passport through Interpol in June 2018, thus there has been no direct impact to St Kitts and Nevis.

The Citizenship by Investment Unit (CIU) in St Kitts & Nevis conducts checks on media and criminal databases, as well as sanctions lists, and makes a determination whether there are serious or pending legal, regulatory or political matters that would require consideration before any CIB application is approved.