Statement by the Investment Migration Council – 19th June 2025

The disciplinary action, formalized by an internal review panel convened by the global association, comes in the wake of mounting scrutiny and ongoing legal inquiries concerning the firm’s operations. According to official notices released by the IMC headquarters in Geneva, the suspension took effect immediately upon the conclusion of the panel’s review process.

The severe measure is directly tied to an active, ongoing investigation being conducted by authorities in Grenada. Local law enforcement and regulatory bodies in the Caribbean nation have launched formal inquiries into Reef View Enterprises Ltd. over allegations of illegal practices connected to its business operations within the jurisdiction.

While the exact nature of the allegations is currently being parsed by Grenadian investigators, the IMC’s internal panel determined that the gravity of the situation warranted immediate precautionary action to protect the integrity of the broader investment migration sector. By suspending both the corporate entity and its individual employee members, the council aims to distance its professional community from the unfolding legal proceedings while due process is carried out in the Caribbean.

The suspension is not classified as a permanent expulsion at this stage, but rather a temporary measure designed to remain in force pending the final outcome of the investigation by the Grenadian authorities. The IMC has indicated that it will closely monitor the developments of the case as it progresses through the legal channels in Grenada.

Once the relevant authorities have completed their inquiries and formally released their conclusions, the IMC review panel intends to reconvene. At that future juncture, the council will thoroughly evaluate the findings of the official investigation and reconsider its current directive regarding Reef View Enterprises Ltd. and its affiliated personnel, determining whether further disciplinary measures are necessary or if the suspension can be lifted.

The action highlights the pivotal role that self-regulatory bodies and international associations play in maintaining transparency, accountability, and legal compliance within the rapidly evolving investment migration industry. As governments around the world tighten regulations surrounding residency and citizenship-by-investment programs, industry watchdogs like the IMC continue to enforce strict codes of conduct to ensure that member firms adhere to the highest standards of professional ethics and respect for local and international laws.

Further updates regarding the status of the membership will be provided by the IMC following the conclusion of the formal proceedings by the investigative authorities in Grenada.