U.S. Citizenship and Immigration Services on Tuesday unveiled the start of an EB-5 regional center audit program, which will involve audit teams examining documents and interviewing staffers, with the move coming roughly a month before the visa program’s regional center aspect is set to expire.
In an overview on its website, USCIS said the regional center audits will be another way to boost the EB-5 visa program’s “integrity” and double-check information in the centers’ applications and certifications.
“These audits will verify compliance with applicable laws and authorities to ensure continued eligibility for the regional center designation,” USCIS said in a statement.
The EB-5 program currently provides green cards to foreign nationals who invest at least $500,000 in a U.S. project that creates at least 10 jobs, but the program has been plagued by a spate of fraud suits, including a high-profile case involving a Vermont ski resort.
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