News Local Due diligence checks for people granted citizenship before 2018

Due diligence checks for people granted citizenship before 2018

Interior Minister Constantinos Petrides has told the Cyprus News Agency (CNA) that the Interior Ministry will proceed, in cooperation with three international specialised firms,  to due diligence checks for the cases of people granted Cypriot citizenship before 2018, when stricter checks entered into force.

The three international firms that have been selected after an open public tendering procedure are Sterling Diligence, Kroll and S-RM Intelligence and Risk Consulting.  Petrides noted that the due diligence checks will be carried out according to a decision taken on October 23 by the Council of Ministers, adding that  starting from December the three firms will perform this task for all those who submitted applications.

Petrides noted that “with the use of enhanced due diligence methods which are available today an additional internal check will be carried out into the cases in which the Cypriot citizenship was granted before 2018, that is before tightening the criteria being implemented. This will show whether the individuals to whom the Cypriot citizenship has been granted are facing charges for committing offences and/or European restrictive measures,” he stated.

Moreover he noted that the Interior Ministry will activate the procedure of revoking the Cypriot citizenship, if there are cases in which there are reasons to do so.

“The procedure of revoking the citizenship will be activated in all cases that the constant due diligence check shows  that investors granted citizenship or members of their families are facing charges for committing offences and/or international or European restrictive measures have been imposed on them,” he noted.

The Interior Minister underlined that since 2018 constant due diligence checks are being carried out to see whether there is anything reprehensible about investors who have been granted Cypriot citizenship, even if any offences were committed after the investor was granted the citizenship.

The Cypriot Cabinet discussed the issue last week. According to a Reuters investigation published earlier this month relatives and friends of the Cambodian authoritarian prime minister were granted Cypriot passports.

(Cyprus News Agency)

Read more

https://in-cyprus.com/interior-minister-to-carry-out-additional-probe-into-cambodia-elite-passports/

Top Stories

252 new cases through PCR tests, two deaths announced on Tuesday

Two men, one aged 75 and one 64, both with underlying conditions have died from Covid-19, the Health Ministry said on Tuesday. Both men...

CYPRA owner: I was not convinced

Speaking before the House Agriculture Committee, George Georgiou, the owner of CYPRA slaughter house said he did not do anything illegal and was not...

U.S. federal agency greenlights Biden’s presidential transition

The U.S. General Services Administration (GSA) on Monday told Joe Biden it was ready to begin the formal presidential transition process for him. GSA Administrator...

Cabinet to decide on Wednesday about measures against COVID-19

Cyprus Government Spokesman, Kyriakos Koushos, has told CNA that the Council of Ministers will decide on Wednesday about what will happen as regards the...

Delays in the arrival of postal items due to decrease of flights

The Cyprus Post would like to inform the public that due to the Coronavirus outbreak, a significant decrease of flights to and from Cyprus...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...