European Parliament urges end of golden visa schemes

Pedro Gonçalves
clock • 2 min read

The European Parliament has urged member states to adopt new measures to tackle financial crime, including setting up an anti-money laundering watchdog and a financial police force, as well pushing for the complete phasing out of the Golden Visas program.  The recommendation is part of a hard-hitting report which also accused seven EU countries of acting as tax havens: Luxembourg, Cyprus, Ireland, Malta, Hungary, Belgium and the Netherlands. As well as the anti-money laundering watchdog and the financial police force, the vote sets in motion the phase out of the Golden Visa program "w...

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