TORONTO, Sept. 23 /CNW/ - The Canadian Society of Immigration Consultants
is pleased to announce the creation of IMMFUND, a client compensation fund
that will be operational as of January 1, 2009. IMMFUND was developed in
accordance with CSIC's mandate to further protect consumers of immigration
services from the fraudulent behaviour of immigration consultants.
"The implementation of IMMFUND, a crucial step to enhance consumer
protection, marks another milestone in the growth of the Society as the sole
regulator of immigration consultants," said CSIC Chairman John Ryan.
The fund will reimburse, up to specified limits, eligible clients who can
demonstrate hardship and financial loss as a result of the criminal act of a
IMMFUND will be financed through membership fees and sales of continuing
professional development (CPD) products on-line. Operated as a new non-profit
subsidiary of CSIC, IMMFUND will have its own staff and Board of Directors.
The client compensation fund has been created following a period of
consultation, during which members and external stakeholders were invited to
comment on a proposed fund.
IMMFUND fulfills the last of CSIC's obligations under Recommendation 9 of
the 2003 Report of the Advisory Committee on Regulating Immigration
Consultants, the Advisory body that created CSIC. The fund also constitutes
the last outstanding deliverable of the Contribution Agreement between
Citizenship and Immigration Canada and CSIC.
CSIC was formally established in 2004 and currently has 1420 members, all
certified immigration consultants.
More information on this matter can be found by visiting www.csic-scci.ca
and clicking on the News Section.
For further information:
For further information: John P. Ryan, (416) 572-2800 ext. 2223, Toll
Free: 1-866-308-CSIC (2742), email@example.com, http://www.csic-scci.ca