Britain suspends £2 million golden visas to tackle money laundering
07 Dec 2018

Britain will suspend its top tier investor visas, which require 2 million pounds ($2.55 million) in investment, as part of a drive to crack down on organised crime and money laundering.

From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, the wealthy have flocked to London over the past two decades, snapping up everything from opulent homes to soccer clubs.

The influx of super-rich has brought tens of billions of pounds in investment and helped London preserve its position as one of the world’s top two global financial capitals, though the government has been concerned by the provenance of some of the wealth.

By Guy Faulconbridge, Reuters, 6 December 2018.

Link to Reuters.

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Britain suspends £2 million golden visas to tackle money laundering”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.