EU Warns Cyprus Golden Visas Open to Money Laundering, Corruption

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EU Warns Cyprus Golden Visas Open to Money...
 © The National Herald 2020
NICOSIA – Cyprus’ much-criticized scheme of selling Golden Visas and European Union passports to wealthy foreigners is open to corruption, money laundering and a conduit for criminals, the European Union’s MONEYVAL agency warned.

Cyprus, long fighting a reputation as a money haven for criminals wanting to avoid taxes and hide their income in the country’s banks, began selling the Golden Visas in 2013 and has granted more than 3,000 to rich foreigners, some of whom couldn’t find the country on a map, one Member of Parliament...


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This article was automatically added to our system 12-2-2020

EU Warns Cyprus Golden Visas Open to Money Laundering, Corruption


The contents of this article including any associated images are © The National Herald 2020
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Article Tags: warns, cyprus, golden, visas, money, laundering, corruption,