EU Lawmakers Cite Cyprus Golden Visa Money Laundering Haven

Cyprus – where the government has been criticized for selling Golden Visas that come with residency permits and European Union passports – was one of seven countries cited by the European Parliament for not vetting applicants closely enough to curb money laundering.

The lawmakers, without enforcement abilities, produced a report only urging the countries, including Luxembourg, Ireland, Malta, Hungary, Belgium and The Netherlands to get tougher on who gets the visas and to scrutinize the source of their investments.

Cyprus’ much-criticized...


This article was automatically added to our system 28-3-2019

EU Lawmakers Cite Cyprus Golden Visa Money Laundering Haven


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Article Tags: lawmakers, cyprus, golden, money, laundering, haven,