RISK ASSESSMENT FRAMEWORK

In 2018, during the first citizenship-by-investment due diligence conference which was held in Malta, Yakof in his role as Head of Risk and Compliance for the Malta citizenship-by-investment government agency, presented to the audience the makings of the first RCBI risk matrix.

As co-creator, Yakof explained that this model ensured that every application is examined thoroughly in a consistent manner and allowed for decisions to be taken systematically and transparently.

With further independent research, the CIVIQUO team presented the first commercially available Risk Assessment Framework (RAF) in 2019, during a stakeholder consultation organised by the European Commission. CIVIQUO’s RAF furthers the research on the subject of due diligence practice within the residency and citizenship by investment industry, by taking into account additional risk factors, such as the intention for an individual seeking alternative residency or citizenship and taxation. Now, with the 2nd edition being published, a 9th category is being included in the framework.

In 2019, the European Commission established a Group of Experts on Investor Citizenship and Residence Schemes, aimed at agreeing on a common set of security checks. The Group of Experts failed to present a harmonised due diligence process for such programs, thus the CIVIQUO RAF, remains the state-of-the-art tool, and continues to lay the foundations for future research on the practice of due diligence within the residency and citizenship by investment industry.

The 2nd Edition of the framework may be adopted by the European Union, residency-by-investment units (RIUs), citizenship-by-investment units (CIUs), service providers, intermediaries, and any other stakeholders or interested parties, simply by registering interest.

Download a FREE COPY of the
2nd Edition of the CIVIQUO
Risk Assessment Framework.

The only residency and citizenship by investment risk assessment tool available on the market!

Risk Assessment