Cyprus ‘golden passports’ scheme a laundering risk, says watchdog

A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk. The Mediterranean island launched the scheme offering passports for an investment in 2013, with more than 3,000 people gaining citizenship through the programme. A committee of experts from the Council of … Continue reading Cyprus ‘golden passports’ scheme a laundering risk, says watchdog