Golden visa control 'insufficient' - Transparency International

By TPN/Lusa, in Business · 21-03-2019 06:49:00 · 0 Comments
Golden visa control 'insufficient' - Transparency International

Anti-corruption group Transparency International said on Wednesday that Portugal's scheme for attributing residency permits in exchange for investment is not controlled sufficiently, with few workers dealing with requests and the country was following a "reverse path" in terms of strengthening its rules.

Laure Brillaud, in charge of the department against money-laundering at Transparency International, told Lusa in an interview that the organisation has also noticed that the department in charge of attributing these visas did not have enough staff and that the scheme promised a visa "between three and six months."

Brillaud was in Paris on Wednesday to take part in a debate at the Anti-Corruption and Integrity Forum at the Organisation for Economic Co-operation and Development (OECD) on how to mitigate abuses surrounding "golden visas" issued in return for investors transferring capital into the country.

Transparency International said that in terms of verifications and controls, Portuguese legislation only forces it to look at a person's criminal record, which it said was "not enough."


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