The new Golden Visa Rules are not Aligned to existing Financial Regulations

There appear to be anomalies in recent reforms to the wealthy investors Golden Visa scheme, aimed at narrowing the potential for money laundering.  It seems that the revised rules are not aligned with the existing financial regulations.

A recent survey revealed that there is wide support for the reforms, however, the vast majority of respondents also believed that the reforms should be aligned to the guidance provided by the joint money laundering steering group.   Shard Capital, the author of the survey, commented “one of the issues is that the left-hand doesn’t speak to the right hand.  Immigration law, tax and financial regulations are not harmonised and they are sometimes contradictory.