The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid-19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant’s application is submitted to the recipient government’s CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know-your-customer checks performed by local authorized agents; internal checks including anti-money laundering and counter-terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on-the-ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa-free access to.

“When looking at countries which are top-rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk-based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end,” said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times’ publication, Professional Wealth Management (PWM) this year. “We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes.”

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com.

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8719525

Synchronoss tem mais de 30 milhões de assinantes de mensagens com base em RCS no Japão

Que utilizam a Plataforma de Mensagens Avançadas Synchronoss, NTT DOCOMO, KDDI e Serviço de Mensagens Avançadas Entre Operadoras SoftBank que viabilizam que os usuários e marcas se comuniquem, interajam e negociem

BRIDGEWATER, N.J., Dec. 22, 2022 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (“Synchronoss” ou a “Empresa”) (NASDAQ: SNCR), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje o lançamento de um novo marco no Japão para sua plataforma Synchronoss Advanced Messaging. Em colaboração com as operadoras móveis NTT DOCOMO, KDDI e SoftBank, o consórcio japonês agora tem mais de 32,5 milhões de assinantes do +Messaging, o serviço RCS entre operadoras alimentado pelo Synchronoss Advanced Messaging.

O marco atual representa um aumento de 62% de assinantes desde que a Synchronoss passou a observar o progresso da implantação do Consórcio Japonês do seu Rich Communications Service (RCS) em novembro de 2020.

Oferecendo um sistema de mensagens de texto com amplos recursos, o +Messaging permite que os usuários japoneses se comuniquem com amigos e familiares, além de fornecer a capacidade de interagir e se envolver com marcas e empresas com segurança.

O serviço +Messaging do consórcio tem por base o Synchronoss Advanced Messaging, uma completa plataforma e suíte de comércio móvel que permite que as operadoras ofereçam um ecossistema de mensagens avançado. O Synchronoss Advanced Messaging conecta marcas e provedores de conteúdo com assinantes, oferecendo novas maneiras de se comunicar e realizar transações comerciais.

“A sua adoção por mais de 30 milhões de assinantes do +Messaging no Japão confirma ainda mais o valor do RCS e como as operadoras móveis podem utilizá-lo para oferecer novos serviços geradores de receita”, disse Yosuke Morioka, Gerente Geral da Synchronoss no Japão. “Estamos prontos para trabalhar com a NTT DOCOMO, a KDDI e a SoftBank para explorar oportunidades de mercado adicionais para esta plataforma de tecnologia plena de recursos.”

Devemos destacar que o +Messaging está atualmente disponível para todas as marcas de telefones celulares das três operadoras e MVNO. Além disso, o serviço agora dá suporte à identificação pessoal pública (JPKI) com cartões My Number, permitindo que os usuários abram uma conta bancária ou usem um cartão de crédito com verificação fácil e segura da identidade via +Messaging, proporcionando experiências mais envolventes dentro do ecossistema móvel.

Sobre a Synchronoss

A Synchronoss Technologies(NASDAQ: SNCR) cria software que capacita empresas ao redor do mundo a se conectarem com seus assinantes de forma confiável e significativa. O conjunto de produtos da empresa ajuda a agilizar as redes, simplificar a integração e envolver os assinantes, permitindo novos fluxos de receita, redução dos custos e aumento da velocidade no mercado. Centenas de milhões de assinantes confiam nos produtos da Synchronoss que se mantêm em sincronia com as pessoas, serviços e conteúdo que elas gostam. Saiba mais em www.synchronoss.com.

Contato de Relações com a Mídia:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contato de Relações com Investidores:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Synchronoss annonce plus de 30 millions d’abonnés à des services de messagerie basés sur RCS au Japon

En s’appuyant sur la plateforme Synchronoss Advanced Messaging, NTT DOCOMO, KDDI et SoftBank fournissent un service de messagerie avancée inter-opérateurs permettant aux utilisateurs et aux marques de communiquer, d’interagir et de réaliser des transactions

BRIDGEWATER, New Jersey, 22 déc. 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (« Synchronoss » ou la « Société ») (NASDAQ : SNCR), un leader mondial et innovateur en matière de produits et plateformes numériques, de messagerie et de cloud, a annoncé aujourd’hui un nouveau jalon au Japon pour sa plateforme Synchronoss Advanced Messaging. En collaboration avec les opérateurs mobiles NTT DOCOMO, KDDI et SoftBank, le consortium japonais prend désormais en charge 32,5 millions d’abonnés à +Message, le service RCS inter-opérateurs s’appuyant sur Synchronoss Advanced Messaging.

Le jalon actuel représente une augmentation de 62 % du nombre d’abonnés depuis que Synchronoss a remarqué la progression du déploiement par le consortium japonais de sa technologie Rich Communications Service (RCS) en novembre 2020.

Offrant un système de messagerie texte riche en fonctionnalités, +Messaging permet aux utilisateurs japonais de communiquer avec leurs amis et leur famille, en plus de la possibilité d’interagir et de s’engager avec des marques et des entreprises en toute sécurité.

Le service +Messaging du consortium s’appuie sur Synchronoss Advanced Messaging, une plateforme et suite de commerce mobile de bout en bout qui permet aux opérateurs de proposer un écosystème de messagerie avancée. Synchronoss Advanced Messaging connecte les marques et les fournisseurs de contenu avec les abonnés, offrant de nouvelles façons de communiquer et de réaliser des transactions commerciales.

« L’adoption de plus de 30 millions d’abonnés à +Messaging au Japon valide davantage la valeur de la technologie RCS et la manière dont les opérateurs mobiles peuvent l’utiliser pour proposer de nouveaux services générateurs de revenus », a déclaré Yosuke Morioka, directeur général de Synchronoss au Japon. « Nous sommes impatients de travailler avec NTT DOCOMO, KDDI et SoftBank afin d’explorer des opportunités commerciales supplémentaires pour cette plateforme technologique riche en fonctionnalités. »

Point important, +Message est actuellement disponible pour toutes les marques de téléphones portables des trois opérateurs et du MVNO. De plus, le service prend désormais en charge l’authentification personnelle publique (JPKI) avec des cartes My Number, permettant aux utilisateurs d’ouvrir un compte bancaire ou d’utiliser une carte de crédit avec une vérification de l’identité facile et sécurisée via +Message, offrant des expériences plus engageantes au sein de l’écosystème mobile.

À propos de Synchronoss

Synchronoss Technologies (NASDAQ : SNCR) est un développeur de logiciels permettant aux entreprises du monde entier de se connecter à leurs abonnés de manière fiable et pertinente. Sa gamme de produits contribue à rationaliser les réseaux, simplifier l’intégration et interagir avec les abonnés afin de créer de nouvelles sources de revenus, de réduire les coûts et d’accélérer la mise sur le marché. Plusieurs centaines de millions d’abonnés font confiance à Synchronoss pour rester en phase avec les individus, les services et les contenus qu’ils aiment. Pour en savoir plus, rendez-vous sur www.synchronoss.com.

Contact pour les relations avec les médias :
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contact pour les relations avec les investisseurs :
Matt Glover/Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Lesotho: Drought – Early Action Protocol Summary (EAP2022LS01) December 2022

The IFRC Disaster Response Emergency Fund (DREF) has approved a total of CHF 469, 480 for Lesotho Red Cross Society. The approved amount consists of an immediate allocation of CHF 189, 621 for readiness, CHF 4,121 for Pre-Positioning and CHF 275,738 automatically allocated to implement early actions once the defined triggers are met.

Allocations are made from the Anticipatory Pillar of the DREF, under the DREF appeal code MDR00001. Unearmarked contributions to the DREF are encouraged to guarantee enough funding is available for the Early Action Protocols being developed.

Lesotho is situated on the highest part of the Drakensberg escarpment of the eastern rim of the Southern African plateau between 1,500m and 3,482m above sea level and its agro-ecologically divided into Lowlands (southern and northern), Senqu River Valley, Foothills, and the Mountains regions. The Southern Lowlands is characterized by flat to gently rolling topography, rising gradually towards the foothills along the northeast. The soil is sandy with significant clay in places, relatively less fertile compared with the northern lowlands’ soils and very fragile with high erodibility especially by wind and water. The Southern Lowlands are one of the driest and drought prone regions in Lesotho and normally experiences the least amount of rainfall compared to other agroecological zones, and erratic follow-up rains and uneven spread of rain through the season.

Lesotho experiences climate change impacts and shocks with drought being the most recurrent and impactful hazard over the last 100 years. Studies indicate that there is an increase in drought emergencies recorded over the 25-year period (1991/1992 – 2015/2016) in Lesotho and the most impactful drought events are agricultural and socio-economic in nature, as they deteriorate natural resource-based livelihoods along with reduced crop and livestock productivity undermining socio-economic assets bases and creating livelihood vulnerabilities. In the last 10 years, the country experienced three extreme drought episodes (2011/12, 2015/16,2018/19). The major impact of these past episodes was food insecurity. The situation is exacerbated by continuous crop failures, low incomes, and high food prices, with 41% of rural families spending more than half of their income on food. These extreme drought conditions required prompt interventions to reduce human suffering and loss of their livelihoods. Therefore, LRCS through this Early Action Protocol (EAP) aims to mitigate drought impacts through anticipatory actions (AA) in the districts that are anticipated to observe worst drought impacts.

The EAP will be implemented by LRCS in coordination and collaboration with other stakeholders, members of the Climate Change and Adaptation technical working group, Disaster Management Authority, Lesotho Meteorological Services, Ministry of Agriculture and Food Security and Ministry of Forestry and with technical support from IFRC, Red Cross Red Crescent Climate Centre (RCCC) and German Red Cross Society (GRC). The preidentified early actions target 5140 HH (20 560 people) vulnerable communities living in the southern lowlands and Senqu valley. Through the pre-identified early actions, the EAP will target 5140 HH (20 560 people) vulnerable communities living in the southern lowlands and Senqu valley as these regions are classified as high and moderate risk areas.

Source: International Federation of Red Cross And Red Crescent Societies

New World Bank Financing to Support an Additional 36,000 Farming Households and Address Liberia’s Food Security Crisis

WASHINGTON, The World Bank approved an Additional Financing to the Rural Economic Transformation Project (RETRAP-AF) to the tune of $30 million in concessional International Development Association (IDA)* credit to improve productivity and market access for smallholder farmers and agri-enterprises for selected food value chains, especially for rice. This financing, which comes from the Crisis Response Window – Early Response Financing-CRW-ERF of IDA, will ensure that the Liberia Rural Economic Transformation Project (RETRAP) benefits an additional 36,000 households, thereby increasing the total number of beneficiary households by 60%, from 60,000 to 96,000.

?“The recent global food crisis resulting from various global shocks such as the Russia-Ukraine war and climate change has underscored the need for Liberia to address the issue of food security,” said?Khwima Nthara, World Bank Country Manager for Liberia. “I am glad that this additional financing will support rice production which is critical to food security in Liberia.”

This additional financing will support a supply response to the severe food crisis facing the country in line with the World Bank’s Crisis Response Framework. It will support increased agricultural productivity and development of selected value chains that are vital to food security and facilitate access to food. It will also strengthen the country’s food crisis prevention and monitoring systems and build community resilience to climate change. The original project covered 11 of Liberia’s 15 counties. With this financing, project activities will be extended to all 15 counties, thereby addressing food security issues nationwide.

?“This additional financing will support expanded food production, focusing on rice but will also improve crisis monitoring, evaluation, coordination, and management. The financing will also cover other value chains such as palm oil and vegetables which are key to improved food and nutrition security – food availability and access, and also offer a high potential for income generation and poverty-reduction,” said?Adetunji Oredipe and John Kobina Richardson, Co-Task Team Leaders for the project.

On building resilience to climate change, the additional financing will incorporate the use of climate-resilient seed varieties; investments in climate-resilient infrastructure and the adoption of practices that will prevent soil erosion and retain soil nutrients; improved water management; and efficient methods and technologies to manage pests and diseases.

*The International Development Association (IDA) is the World Bank’s fund for the poorest. Established in 1960, it provides grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 76 poorest countries, 39 of which are in Africa. IDA resources help effect positive change in the lives of the 1.6 billion people living in the countries that are eligible for its assistance. Since its inception, IDA has supported development work in 113 countries. Annual commitments are constantly on the rise and have averaged $21 billion over the past three years, with about 61% going to Africa.

Source: World Bank

High child labor rates in Iraq continue to disrupt children’s education, childhood and basic rights, the IRC warns

New data shows majority of children surveyed in East Mosul are working in unsafe conditions, 95% of children missing key identification documents, and more than half of households surveyed having one or more children engaged in labor.

Slow economic recovery post-conflict is causing families to resort to relying on child labor, as Iraqi children miss out on fundamental childhood rights.

Erbil, Kurdistan Region of Iraq – November 20, 2022 — On World Children’s Day, an alarming spike in rates of child labor in Iraq continues to deprive children of their basic rights as families run out of options to meet basic needs, the International Rescue Committee (IRC) in Iraq reports.

In a new survey conducted in five areas of East Mosul the IRC observed that 90% of caregivers reported having one or more children engaged in labor. While 85% of children reported that they did not feel safe in their place of work, describing instances of harassment and not having proper equipment to protect themselves during work in factories or on the streets. Almost five years after the declared end of conflict, economic conditions in Mosul remain dire for many families, including those who are displaced within the country and those who have returned to their areas of origin having been displaced during the conflict.

The IRC surveyed 211 households in al-90, al-Intisar, Arabachiya, al-Samah and al-Yarmja neighborhoods in East Mosul and conducted additional surveys with 265 children who had been identified as engaged in child labor. The results showed that child labor is a common negative coping mechanism for families in these areas, who are struggling to rebuild their lives due to limited livelihood opportunities, missing documentation -such as national ID cards or birth certificates-, and poor living conditions.

The survey findings demonstrated that:

• Child labor rates were highest in returnee households, with more than 50% reporting one or more children engaged in work activities. For those who remain displaced, more than 25% of households reported one or more child participating in labor, and for host community households the percentage reporting child labor was over 20%.

• 95% of children reported missing necessary civil documentation, such as birth certificates and national identification cards, which allow them to enroll in school and access social services.

• Around 75% of the children surveyed reported working in informal and dangerous roles such as trash collection, daily construction labor, and collecting scrap metals.

• Caregivers reported that nearly half the children in their households were not attending school, with many stating child labor as a leading cause of dropouts.

The conditions linked to the prevalence of child labor in East Mosul are present throughout Iraqi governorates that experienced conflict. Following the end of the conflict with ISIS, lack of civil documentation and slow economic recovery have been reported in Anbar, Kirkuk, and Salah al-Din by other IRC clients.

Samar Abboud, the IRC’s Country Director in Iraq said:

“When families are unable to meet their basic needs, sometimes their last resort is sending their child to work. We know that child labor puts children in harm’s way and leads to long-term effects on their physical and mental well-being. When children are working, they are robbed of the chance to experience a normal and safe childhood.”

Families reported several reasons for their children working, including the inability to meet costs of schooling, overwhelming need for income to support basic family expenditures such as food and shelter, schools not allowing enrollment due to missing documentation or societal stigma around perceived affiliation with members of the group known as ISIS. Families with perceived affiliation often face difficulties reintegrating into their areas of origin or new communities, and this can cause children to feel unwelcome in schools or even prevent families from going through the arduous enrollment processes.

Salma, a displaced caregiver from Shekhan now living in Al-Arbachiya, East Mosul, spoke to IRC about her children’s labor as waste collectors:

“I feel sad and depressed because my children are now different from the rest of the children. When I see other children going to school and wearing clean and good clothes, this makes me very sad.”

Instead of going to their local school Salma shared that the family had to make the tough decision to send their children to work in order to supplement the family’s limited income.

Children engaged in labor are at high risk of disrupted education which can significantly affect their development and life chances. They also face social stigma and isolation and are at greater risk of protection concerns including abuse and harassment.

Mohammed was forced to drop out of school at age 9 and now, at age 14, works in waste collection. He told IRC that he has not been in school for five years and does not wish to re-enroll:

“Because of the economic situation and displacement, I have no desire [to re-enroll]; I need to support my family and there is no one else to help them.” He added, “I don’t like this work, but I need to work.”

Iraq is a signatory to the United Nations Convention on the Rights of the Child and enshrines mandatory primary education for all children in its constitution. Despite the protections for Iraqi children in law, the reality is far different for many children across the country. This World Children’s Day the IRC calls on the Iraqi government to greater ensure that its laws protecting children from labor are enforced, and that a particular focus is placed on enrolling children who remain without civil documentation more than 5 years since the end of the conflict.

The organization also calls on the international community, including the UN, international NGOs, and donors, to scale-up programming that appropriately addresses child harm in Iraq, including child labor. While also working with the Iraqi Government to address the root causes that continue to lead to dangerous child labor practices.

Source: International Rescue Committee