• About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
Spotted News
  • News
  • Politics
  • Entertainment
  • Opinion
  • Lottery
  • More
    • Gaming
    • Videos
    • Property
    • Business
    • Sport
    • Animals & Wildlife
No Result
View All Result
Spotted News
No Result
View All Result

Home » News » Golden visas: Home office finally makes shocking admission

Golden visas: Home office finally makes shocking admission

However, the admission did not go far enough according to Layla Moran.

Politics Reporter by Politics Reporter
January 12, 2023
in News
Share on FacebookShare on Twitter

The government has finally admitted that the controversial golden visa scheme did allow ‘high’ risk people to become British citizens.

Now the government concedes a “small” number of wealthy foreign investors were “potentially at high risk” of having links to corruption or serious organised crime.

Suella Braverman set out the findings after the government shut down the tier 1 investor visa route.

ADVERTISEMENT

Russians were said to be some of the principal beneficiaries of “golden visas”.

The scheme was launched in 2008, and applicants needed to have at least £1 million in investment funds in active and trading UK registered companies. It was finally shut down in February 2022.

You might also like

Watch: Labour MP blasts government over Waspi women: ‘You’re like flat-earthers’

Watch: Labour MP blasts government over Waspi women: ‘You’re like flat-earthers’

July 4, 2025
Jeremy Corbyn and Zarah Sultana.

Corbyn breaks silence: new party ‘will create hope’ as Labour ‘fails to deliver change’

July 4, 2025

Money laundering

Braverman said 6,312 investors and their dependents got visas under the scheme between 2008 and 2015.

Suella also said the review showed “a disproportionate number of applicants” for these visas came from countries where there was a high risk of cross-border money laundering, and there was evidence of some “golden visa” applicants “seeking out and exploiting financial institutions that had the weakest customer due diligence controls”.

However, Layla Moran didn’t feel the government’s admission did not contain anywhere near enough information about the high risk people who took advantage of the scheme.

She tweeted: “For 5 years the Government have promised that they would release the review into golden visas.

“Today they failed to deliver. Earlier in Parliament I asked for advice on how we can hold ministers to account for their failure to deliver on their promise.”

For 5 years the Government have promised that they would release the review into golden visas.

⏰ Today they failed to deliver.

Earlier in Parliament I asked for advice on how we can hold ministers to account for their failure to deliver on their promise. pic.twitter.com/0JpBhTZkYy

— Layla Moran 🔶🕊️ (@LaylaMoran) January 12, 2023

Related: Brexit: Jacob Rees-Mogg claims about Remainers hasn’t gone down well

Tags: Suella Braverman
Politics Reporter

Politics Reporter

Latest Posts

Watch: Labour MP blasts government over Waspi women: ‘You’re like flat-earthers’
News

Watch: Labour MP blasts government over Waspi women: ‘You’re like flat-earthers’

by Joe Connor
July 4, 2025
Jeremy Corbyn and Zarah Sultana.
News

Corbyn breaks silence: new party ‘will create hope’ as Labour ‘fails to deliver change’

by Joe Connor
July 4, 2025
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Opinion
  • Entertainment
  • More
    • Gaming
    • Sport
    • Animals & Wildlife
    • Property
    • Business
    • Videos
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us

© spottednews.com All Rights Reserved.