On 23rd January 2019, the Commission adopted a report detailing a factual and comprehensive outline of all investor citizenship and residence schemes in the European Union. The report also outlines the risks involved with these schemes, with a focus on tax evasion, security, money laundering and corruption.
The Commission intends to organise a group of experts from the Member States to investigate the specific risks that arise from investor citizenship schemes. The group will aim to improve the available information on such schemes and strengthen their supervision, as well as address aspects of transparency and good governance regarding the implementation of both investor citizenship and residence schemes. The group of experts from the Member States will also aim to develop a common set of security checks for these schemes by the end of 2019, which will include processes for risk management which consider tax evasion, security, money laundering and corruption risks.
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