On September 12, 2016, Prime Minister Dr Timothy Harris announced at a national conference of service providers and developers under the citizenship-by-investment (CBI) program in St Kitts and Nevis that Les Khan is the new head of the Citizenship-by-Investment Unit (CIU). Previously, Khan worked as IPSA International’s project team leader for St Kitts and Nevis.
IPSA International, a regulatory risk mitigation company, completed a program review of the St Kitts and Nevis CBI program in the fourth quarter of 2014. Then, on April 30, 2015, an announcement was made that the St Kitts and Nevis government had retained the services of the company to address recommendations that would improve the country’s CBI program.
“IPSA, a regulatory risk mitigation firm delivering advisory and investigative services, will assist the St Kitts and Nevis Citizenship by Investment Unit to increase the program’s transparency and efficiency,” the press release said.
Within one year of the April 30, 2015, announcement, the current Team Unity administration successfully reorganized, restructured and repositioned the St Kitts and Nevis citizenship program as the best in the world, making the oldest such program stronger and better to discharge its mandate.
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