CYPRUS: AUDIT OFFICE SAYS THAT THOUSANDS OF PASSPORTS COULD HAVE BEEN GRANTED WITHOUT PROPER AUTHORISATION UNDER THE CBI SCHEME

On 25 September, EurActiv reported that Cyprus’s audit office has said that thousands of passports could have been granted without proper authorisation under the island’s citizenship-for-investment scheme. For a minimum €2 million investment, Cyprus gives passports that guarantee visa-free travel through the EU.  Cyprus’s audit office, an independent body, said its own investigation suggested the cabinet overstepped its authority in approving citizenship not only to individual applicants but to family too.

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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