Cyprus axes corruption-plagued golden passports scheme
Need for legislative solution to golden visa programmes in the EU remainsThe government of Cyprus has announced that it will abolish its controversial citizenship-by-investment scheme as of 1 November 2020. The decision follows multiple scandals and controversies, the most recent of which appear in a covertly filmed documentary by Al Jazeera that implicates high-level politicians in corruption related to the scheme. Maira Martini, Research and Policy Expert on Corrupt Money Flows at Transparency International said: “Axing the scheme was the only option. These latest revelations are