The doors of Europe are open to criminals and the corrupt, thanks to lax, opaque, and mismanaged ‘Golden Visa’ schemes, according to a report released today by Transparency International and Global Witness.

The two anti-corruption organisations say the financial benefit of ‘citizenship-and residency-by-investment’ schemes is undercut by risks arising from insufficient due diligence, conflicts of interest, and wide discretionary powers.

News courtesey of http://algarvedailynews.com/news