UK stops with “golden passports”

The British government has decided to suspend the granting of “golden passports” to two million pounds (2.24 million euros) from Friday as part of a campaign against money laundering and organized crime.

These passports, known as “investor’s visas” (Tier 1), but also called “gold visas”, allow nationals of countries outside the European Union to stay for three years in exchange for an investment of 2 million UK government bonds or corporate bonds in the UK.

These provisions, which in the last twenty years have become very rich & # 39; super rich & # 39; to London, the British capital helped maintain its status as an important international financial center. But the government is worried about where some of these funds come from.

Huge anti-corruption campaign

The allocation of the “tier 1” passport is suspended while the authorities change the issuance requirements. Subsequently, each applicant must provide detailed accounts that have been reviewed by UK audit firms.

“We will not tolerate people breaking the rules and trying to take advantage of the system,” said Immigration Minister Caroline Nokes on Thursday. “For this reason, I am introducing these new measures that will ensure that only real investors who want to support UK companies benefit from our immigration system.”

During the peak in 2014, the United Kingdom issued more than 1,000 visas. Last year, the country granted more than 350, mainly to Chinese nationals. Former Interior Minister Amber Rudd said that 700 visa cases granted to Russians before 2015 should be reconsidered. Several associations, including Transparency International, campaigned for the removal of this golden passport & # 39; that facilitates access to capital against corruption.

the desk British Anti-organized crime (NCA) said in September that it will accelerate its efforts against “corrupt elites” and dirty money, including the use of “Injunctions for wealth Unexplained “,” Inexplicable National Order “(UWO), effective in January, the wife of the former boss of the International Bank of Azerbaijan (IBA) was arrested in November as part of the first UWO.