Iran, Afghanistan and North Korea excluded from Malta’s citizenship by investment programme – Joe Vella Bonnici, chairman of Identity Malta, the official body in charge of passports, identity cards, acts of civil status as well as Malta’s individual investor programme, has stated that Malta refuses applications submitted by Iran, Afghanistan and North Korea nationals.
Which countries do the uber-rich migrate to? – Research conducted by New World Wealth and LIO Global looks at HNW migration over the last 15 years
US authorities crack down on US$68m Ponzi scam ‘targeting wealthy Chinese’– SEC works with counterparts in Hong Kong and China to investigate and charge San Francisco oil and gas company Luca International Group with fraud. EB-5 applicants were found to be among the targets.
Global Citizen Tax can bridge funding gap on EU refugee response – Arton Capital urges governments to consider implementing levy on citizenship by investment programs to fund efforts to tackle Europe’s refugee problem.
St Lucia government pressed on economic citizenship proposal – Opposition Lucian People’s Movement Party press for transparency in proposed CBI program.
Portuguese minister to be charged in money-laundering related to Golden Visa program – Portuguese prosecutors announce they will charge former Interior Minister Miguel Macedo for his role in a money-laundering scheme linked to the Golden Visa program.
Buying visas with investments is big business. And Congress is taking notice – The Washington Post examines proposed reforms to the EB-5 program, while the Wall Street Journal looks at increased interest from new areas.
SEC charges Boca Raton company with unregistered broker-dealer activity in EB-5 investments – Ireeco LLC becomes the first firm to be charged with unregistered broker activity in the EB-5 program, after allegedly brokering 158 investments worth $79 million.
Opposition question Henley’s 4% commission when their ‘workload has been reduced’ – Maltese MPs question why Henley and Partners still earn 4% in commission from every successful citizenship applicant when much of the administrative work has shifted to Identity Malta.