House releases funds for tougher checks on passport buyers

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House releases funds for tougher checks on...
 © CyprusMail 2019
The House finance committee on Monday released €1.4m that will be used to hire a specialised firm to carry out enhanced due diligence on people who apply for Cypriot citizenship as part of the island’s investment programme.

Cyprus has been heavily criticised over its citizenship-by-investment programme, which the EU said lacked transparency and posed a money laundering risk.

House finance committee chairman Angelos Votsis said hiring a firm to carry out enhanced due diligence would allay concerns and enable Cyprus to respond to...


This article was automatically added to our system 15-4-2019

House releases funds for tougher checks on passport buyers


The contents of this article including any associated images are © CyprusMail 2019
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Article Tags: house, releases, funds, tougher, checks, passport, buyers,