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Security Clearance & Foreign Financial Interests

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kimoy

Junior Member
What is the name of your state? TX

I've had a secret security clearance that expired in 02. I (my employer) would like to renew my clearance. However, after 02 I've become a minority shareholder in an overseas family business based on financial help I've provided. I do not receive any income nor do I participate in day to day running of the business. However, the business has borrowed money from local banks and I am a cosignor. Will this pose a problem in renewing my clearance?
Thank You
 


HappyHusband

Senior Member
kimoy said:
What is the name of your state? TX

I've had a secret security clearance that expired in 02. I (my employer) would like to renew my clearance. However, after 02 I've become a minority shareholder in an overseas family business based on financial help I've provided. I do not receive any income nor do I participate in day to day running of the business. However, the business has borrowed money from local banks and I am a cosignor. Will this pose a problem in renewing my clearance?
Thank You
Will this pose a problem in renewing my clearance?

Does your company's security policy prohibit you from having interests in foreign business?
If so, then yes.
If not, then no.
 

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