EU to Crack Down on Passports-for-Sale Schemes

Dani Oliver /

Tallinn, Estonia on August 9, 2016. Danske Bank A/S has said that about $230 billion that flowed through an Estonian unit may need to be treated as suspicious. The EU thinks passports in exchange for investments may harbor money laundering. Dani Oliver /

Skift Take: Money often can’t buy you love, but it can buy you visas and European passports. It’s wise that the EU wants to clean up the money-laundering cycle.

— Dennis Schaal

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