The FATF and the Organisation for Economic Co-operation and Development (OECD) have published a joint report on the misuse of citizenship and residency by investment programmes.

The report explores the citizenship and residency by investment (CBI/RBI) programmes: government-administered measures that grant citizenship or residency to foreign investors by expediting or bypassing normal migration processes.

Information is provided on:

  • Money laundering threats and vulnerabilities;
  • Other financial crime associated with the CBI/RBI sector;
  • Corruption, integrity, and tax risks associated with CBI/RBI programmes; and
  • Potential mitigation measures and examples of good practice.

Firms should view the report to gain insights into the risks present within the CBI/RBI, alongside FATF’s recommended measures and practices.

https://www.fatf-gafi.org/en/publications/Methodsandtrends/misuse-CBI-RBI-programmes.html

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