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'Golden visas' will persist despite EU clampdown

Tuesday, November 6, 2018


The 'golden visa' controversy in the EU.


The European Commission's announcement on October 10 that it would investigate so-called 'golden visa' schemes follows a report by Global Witness and Transparency International warning that insufficient applicant background checks exposed the EU to large-scale money laundering and corruption.


  • Greater public knowledge of golden visas will increase domestic pressure on governments.
  • Scandals could worsen relations between the EU and non-EU countries.
  • Applications for visas in the United Kingdom will likely decline if there is a Brexit deal.
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