CYPRUS FILES FIRST PROSECUTION IN PASSPORTS-FOR-INVESTMENT SCHEME

On 14 May, Al Jazeera reported that Cyprus has filed its first criminal prosecution in a controversial passport-for-investment scheme abolished last year after Al Jazeera’s exposé.  It is said that the action involves 5 individuals and 4 legal entities, who are facing a total of 37 charges. 

https://www.aljazeera.com/news/2021/5/14/cyprus-files-first-prosecution-in-passports-for-investment-scheme

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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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