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On March 20, 2017, USCIS announced that it will begin EB-5 Regional Center compliance audits to collect case-specific data to verify information in Regional Center applications and annual certifications filed on Form I-924A, with the goal to enhance EB-5 Program integrity. The Immigrant Investor Program Office’s Compliance Unit will research information in government systems, review commercial and public records, verify information contained in investor applications, conduct site inspections, and interview Regional Center personnel as part of its compliance audit. This announcement was not unexpected, as the Immigrant Investor Program Office (“IPO”) has mentioned compliance measures regarding the EB-5 Program in the past. Here are 5 things EB-5 Regional Centers need to know about handling compliance audits:
Create a Compliance Audit Action Plan. It is advisable to create and implement an action plan in the event of a compliance audit and ensure that all employees understand and strict adhere to that plan. There should be a designated primary individual who has the primary responsibility of answering the Compliance Unit’s questions and guiding them