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Britain wants to abolish “golden visas” for the rich

Criticisms have recently arisen over simplified visas for foreign investors in Great Britain. Photo: Alberto Pezzali / AP / dpa

The main stone

After criticizing its stance on Russian money laundering, the UK government is reportedly looking to cancel simplified visas for wealthy investors. The BBC reports that the end of the project, which began in 2008, will be announced next week.

Requirements for a pre-entry permit include at least two million pounds of assets in British investment funds and a bank account in the United Kingdom.

Opposition Labor MP Chris Bryant has accused the Conservative government of “issuing gold visas to suspected Russian oligarchs”.

According to Transparency International, சொத்து 1.5 billion worth of UK property is owned by Russian citizens accused of corruption. A quarter of it is in the Westminster County Government of London.

In addition, more than 2,000 companies are registered in the UK and overseas, which are linked to 82 billion in Russian money laundering from fraud and fraud cases.