US INVESTOR VISA PROGRAMME VULNERABLE TO DIRTY MONEY

On 2 October, KYC 360 reported on a Transparency International Russia report which claims that the US visa programme that provides residency to wealthy investors from abroad “faces serious corruption and money laundering risks”.  It is said that investigators posed as wealthy Russian investors applying for an EB-5 visa – a programme designed to attract foreign capital to targeted areas of the US economy.  Their findings uncover a widespread lack of oversight in the application process, and dubious safeguards for who ultimately gets approved.

https://www.riskscreen.com/kyc360/news/us-investor-visa-program-vulnerable-to-dirty-money/

I had left off this link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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