On 7th November, KYC 360 reported that Cyprus is to set in motion procedures to strip 26 foreign investors of citizenship amid questions over whether they should have been issued a Cypriot passport under a lucrative investment programme. It will also investigate all investors who were granted Cypriot citizenship before 2018, when tougher eligibility criteria were put in place. The 26 are said to include 5 Chinese nationals, 9 Russians, 8 Cambodians, 1 Malaysian, 1 Iranian and 2 Kenyans – only a handful of the nearly 4,000 Cypriot passports were issued to investors under the programme initiated in 2013.
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