Peter S. Vincent, a former senior lawyer and counter-terrorism official with the US Department of Homeland Security and US Department of Justice and current Assistant Director General for BORDERPOL, on the other hand said in a 2017 interview about the due diligence practices among citizenship by investment programs, "If we’re looking for a model, not just for the European Union but for the entire world, I would look to a country like Malta".
(meta data) TITLE: Malta Should Mentor Caribbean CIPs on Due Diligence, Says Thomson Reuters General Counsel - Investment Migration Insider (meta data) AUTHOR: Investment Migration Insider (meta data) PUBLISHED DATETIME: 2017-11-23T11:39:05+00:00 Wednesday, August 21, 2019 Latest: Cyprus CIP and US EB-5 Most Common Programs in China-Market, Analysis Shows Greek Golden Visa Stakeholders Rejoice as New Govt. Eliminates VAT on Property Investment Warnings to Caribbean Politicians Who Seek to Make CIPs Political Footballs During Elections The Crisis in China's Investment Immigration Market: Part 2 25% of Dominica's GDP and Half of Govt. Revenue to Come From CIP This Year ### Investment Migration Insider The Investment Migration Knowledge Platform Editor's Picks Influencers Interviews # Malta Should Mentor Caribbean CIPs on Due Diligence, Says Thomson Reuters General Counsel November 23, 2017December 4, 2017 caribbean, citizenship by investment, due diligence, malta, peter vincent, price war, thomson reuters Peter S. Vincent, General Counsel for Thomson Reuters and an avid watcher of due diligence practices among citizenship by investment programs, says he is concerned about how the Caribbean price war is affecting due diligence standards in the region, and holds up Malta as a textbook example of how to conduct effective and reliable due diligence. "If we're looking for a model, not just for the European Union but for the entire world, I would look to a country like Malta," said Vincent in an interview with Investment Migration Insider, referring to the due diligence practices of the Malta Residence Visa Programme and the Malta Individual Investor Programme. Malta's agencies, he added, should look beyond their own borders and "essentially mentor other countries, including those in the Caribbean basin that are still trying to develop their programs […]" Vincent also said he was "greatly concerned about this race to the bottom", referring to the recent trend of price cuts among Caribbean CIP countries. While the Caribbean countries had been preaching the need for working together on information sharing and vetting practices, he explained, they had not, in his opinion, followed up with action. Describing himself as initially holding a cynical and skeptical view of citizenship by investment programs, Peter Vincent says that because he has had the chance to speak with leading figures in the industry over the last few years, he has "become more and more comfortable with the degree of safeguards that are being put in place in order to minimize and mitigate risks to the global infrastructure." He further urges companies and individuals within the investment migration industry to educate governments – particularly from the US, Canada, and the EU – about citizenship by investment and to be more proactive in doing so. This approach, explains Vincent, would help counteract the industry's sometimes negative perception, which he suspects arises from a lack of understanding. ###### Our readers are the best-informed professionals in the investment migration industry. ###### Get the most important stories delivered. 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Christian Kälin
Career.

 Kälin and Henley & Partners have worked with the governments of Antigua and Barbuda, Austria, Australia, Cyprus, Greece, Grenada, Malta, Montenegro, Saint Kitts and Nevis, Saint Lucia, and Thailand. Kälin states that "citizenship is inherently unjust". 
 In 2010, Kälin was introduced to SCL Group and its CEO Alexander Nix during the St. Kitts and Nevis 2010 election campaign. Both sides claimed that there was never a formal working relationship between them and that the exchange of ideas and information that took place between them was a natural and normal consequence of their operating in the same region and countries since many years. 
 In June 2012, a former SCL operative emailed Kälin about "interesting developments" in Malta: "I can introduce you to the opposition leader, if that helps, he's young, very purposeful and open to international investment, and many say he'll win". In May 2017, it was revealed that Kälin consulted with Malta's Prime Minister, Joseph Muscat, and Minister of Justice, Owen Bonnici together with law firm Mishcon de Reya, to write to the investigative journalist, Daphne Caruana Galizia, in an attempt to get her to remove speculative and defamatory blog posts. Daphne Caruana Galizia was a fierce critic of Malta's citizenship by investment program, accusing the Maltese government and Henley & Partners of collusion.