FATF and OECD Joint Report on Misuse of Citizenship and Residency

22 November 2023

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FATF and OECD Joint Report on Misuse of Citizenship and Residency

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.

Read the full report

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