UK HOME OFFICE TOUGHENS UP ON MONEY LAUNDERING FOR TIER 1 INVESTORS

On 11th March, Private Banker International reported that high net worth investors looking to live in the UK will now face tougher tests after the Home Office announced changes to the popular Tier 1 Investor visa.  This type of visa is a fast-track entry for people looking to live or work in the UK.  However, the minimum £2 million investment required makes it an option normally only available to HNWI.  Applicants will be required to prove that they have had control of the required £2 million for at least 2 years, rather than 90 days, or provide evidence of the source of those funds.

https://www.verdict.co.uk/private-banker-international/news/home-office-shakes-up-investor-visa/

https://www.gov.uk/government/news/changes-to-the-immigration-rules–3

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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