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The new Continuing International Due Diligence (CIDD) Unit will be based in Europe and fully operational by 31 July 2024.

This is a developing story. IMGW.News will continue to provide updates to keep readers informed with the latest information.

Ursula von der Leyen appears poised to secure a second term as President of the European Commission.

The European Parliament elections have highlighted the growing influence of the far-right in France, sending ripples through the financial markets and raising concerns about future political and economic stability.

Despite the dark clouds on the horizon, new developments offer solutions and a potential future for CBI programmes. It is not a coincidence that the EU has pushed for stricter anti-money laundering (AML) and due diligence measures. Rather than undermining the sector, the Cypriot cases and the EU’s landmark case against Malta served as an alarm call, sparking heightened awareness about the need for improved scrutiny of all CBI applicants and recognised training and qualifications for the operators involved in this sector.

Challenges Ahead for Buyout Firms with Trillions in Assets to Sell

IM operators, who provide services to third-country nationals seeking residency rights in exchange for investments, will now be subject to stringent AML/CFT obligations. This move aims to ensure the legitimacy of funds and investments and prevent the misuse of IM programmes for illicit purposes.

Every week, IMGW.news presents an in-depth spotlight on companies operating in the Wealth Management, Investment Migration, Real Estate, and related service sectors. The objective of each feature is to offer our readers insights into the distinctive offerings and operational highlights of these firms, enhancing their knowledge of the key industry players.

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This is a developing story, and IMGW News will provide updates as they happen. Cap Estate, Saint Lucia - June 3rd, 2024 - In a...

The EU Member States with the highest share of non-nationals on 1 January 2023 were Luxembourg (47.4% of the resident population), followed closely by Malta (25.3%)