Hurricane-hit countries slash cost of citizenship-by-investment programs

Caribbean nations ravaged by recent hurricanes are selling citizenship at dramatically discounted prices in an effort to raise emergency funds, sparking concerns that the programs may be vulnerable to abuse.

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“It’s fairly clear these programs are being exploited by all sorts of people with something to hide whether that be tax evaders, terror finance operatives, drug cartels or corrupt oligarchs, you name it,” said Emanuele Ottolenghi, a senior fellow at the Foundation for the Defense of Democracies, a right-leaning Washington, D.C.-based think tank. “You need cash in hand and it’s a pretty straightforward process which doesn’t take that long.”

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