Golden visas/ACA/AML

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Curbing corrupt abuse of EU golden passport and visas. "The EU should ban the sale of golden passports once and for all. Member states should ensure that citizenship or residency rights awarded to sanctioned individuals are immediately revoked. This would signal that the EU no longer offers a safe haven to kleptocrats." 

Transparency International: https://www.transparency.org/en/press/eu-golden-passports-visas-corruption-european-commission-must-heed-parliament-proposals 


We need strong anti-corruption bodies: NSW treasurer Matt Kean calls for federal watchdog. "The New South Wales treasurer, Matt Kean, believes the creation of a federal anti-corruption body is vital to safeguard Australia's economic prosperity and rule of law. Just months out from the federal election, Kean used a speech to highlight the importance of "strong anti-corruption bodies" to hold every level of government accountable." 

The Guardian: https://www.theguardian.com/australia-news/2022/mar/16/we-need-strong-anti-corruption-bodies-nsw-treasurer-matt-kean-calls-for-federal-watchdog 

 

The search for oligarchs' wealth in U.S. hindered by investment loopholes. "Under current law, private equity firms and hedge firms do not need to verify their investors' identities or how they made their money — requirements that U.S. banks have followed under the anti-money laundering Bank Secrecy Act, passed in 1970, and other anti-corruption laws."  

The Washington Post: https://www.washingtonpost.com/business/2022/03/16/private-equity-regulation-gap/ 


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