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Action taken against Malta and Cyprus for ’golden passports’ by EU

Action taken against Malta and Cyprus for ’golden passports’ by EU

Legal action has been launched by Brussels against Cyprus and Malta due to their schemes regarding ’golden passports’ for wealthy investors. Brussels has claimed that these schemes were illegal and even undermined EU citizenship. Explanations have been demanded by the European Commission as they warned that these schemes could result in increase in corruption, tax evasion and money laundering.

Tom A
Tom A
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