London, 11 December 2018 - In response to the UK government backtracking on the suspension of its 'Golden Visa’ schemes, Naomi Hirst, Senior Anti-Corruption Campaigner at Global Witness said:
“This ludicrous u-turn is keeping Britain’s doors open to the super-rich, who can continue to buy residency for £2 million, which they get back with interest. The corruption risks inherent in these schemes was serious enough for Caroline Nokes to suspend them last week, so what’s changed? For a government so keen on taking back control of its borders, this is not just an embarrassment, it’s shameful.”
You might also like
Corruption & Money LaunderingBriefing
European Getaway: Inside the Murky World of Golden Visas
How mismanaged ‘Golden Visa’ schemes are enabling corruption on an unprecedented scale, and what EU institutions must do about it
Corruption & Money LaunderingPress release
UK 'golden visa' scheme to be suspended over corruption fears - Global Witness response
Global Witness responds to the UK Government announcement on 'golden visa' reforms designed to combat organised crime and money laundering.
EU member states in race to the bottom to sell Golden Visas to the super-rich
The doors of Europe are open to criminals and the corrupt, thanks to lax, opaque, and mismanaged ‘Golden Visa’ schemes, according to a report released today by Transparency International and Global Witness.