Transparency International Pushes EU Commission to Monitor Citizenship and Residence Permit Schemes

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The European Commission will plan a report about schemes of member states which allow foreign investors to acquire either citizenship or a residence permit according to the anti-corruption watchdog Transparency International.

In addition, such schemes that reward investors with citizenship and residence permit are vulnerable to abuse, increase the risk of money laundering and undermine the fight against corruption in Europe according to the Berlin-based non-governmental organization (NGO).

Transparency International is said to be pushing the EU to monitor these schemes and to act now in order to maintain the principles of the European borders against corruption.

The European Commission plan to thoroughly examine the respective national schemes which are based on national law, whilst keeping to European Law according to Christian Wigand the European Commission.

Wigand went on to say that the Commission is in discussion with member states due to the correlation between the national citizenship and the European citizenship.