Britain suspends $2.5m golden visas to tackle money laundering

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Britain suspends $2.5m golden visas to tackle...
 © CyprusMail 2018
Britain will suspend its top tier investor visas, which require 2 million pounds ($2.55 million) in investment, as part of a drive to crack down on organised crime and money laundering.

From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, the wealthy have flocked to London over the past two decades, snapping up everything from opulent homes to soccer clubs.

The influx of super-rich has brought tens of billions of pounds in investment and helped London preserve its position as one of the world’s top two global financial...


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Britain suspends $2.5m golden visas to tackle money laundering


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Article Tags: britain, suspends, golden, visas, tackle, money, laundering,

 

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