With the members from Belgium, and the Netherlands we held a meeting on the issue. During this meeting we found that the impact of national regulations and instructions have a profound impact on the possibilities of CIGS to transfer money abroad. Moreover the regulations make it more difficult for new CIGS as well to register. Obstruction is especially caused by the way banks interpret the new rules. But not only in European countries the financial operations of CIGS become complicated. In several cases it appeared as well that legislators in the recipient countries use the policies in order to silence CIGS that are critical to politicians. Read the extended report here. I will contact country representatives to get a more complete overview.
