Posts tagged as crime risks

EU warns of crime risks from governments’ passports, visa sales

Thursday, January 24, 2019

The European Commission warned on Wednesday that programmes of some EU states to sell passports and visas to wealthy foreigners could help organised crime groups infiltrate the bloc and raise the risk of money laundering, corruption and tax evasion. The warning is contained in the first report the EU executive has produced over the multi-billion-dollar industry of so-called “investment migration”, which allows rich individuals to buy citizenship or residence in…