“Visas for super rich investors scrapped amid crackdown on money laundering”

Owl says: WHAT! The government WASN’T checking the accounts and investments of these people to begin with? Well, who would have guessed!

“The government will suspend golden ticket investment visas, which allow non-EU nationals to stay in the UK if they invest £2m, amid a crackdown on organised crime.

Just buying into UK companies, or buying government bonds, will no longer be enough for Russian oligarchs, Middle Eastern oil barons and other super rich investors to stay in the UK.

The tier 1 investor visas, which gave investors permission to stay in Britain for up to three years, are being scrapped at midnight tomorrow.

The changes will force applicants who want to come to the UK to hire British auditors to comb through their accounts and prove they control the investments.

Around 1,000 people applied for the visas in the past year. …

“I have been clear that we will not tolerate people who do not play by the rules and seek to abuse the system,” immigration minister Caroline Nokes said.

She added: “That is why I am bringing forward these new measures which will make sure that only genuine investors, who intend to support UK businesses, can benefit from our immigration system.” …

http://www.cityam.com/270279/visas-super-rich-investors-scrapped-amid-crackdown-money