How to Interpret the FATF-OECD Report on “Misuse of Citizenship and Residency by Investment Programs”

Ahmad AbbasAmman 

Last week, the OECD and Financial Action Task Force (FATF) released a joint report titled "Misuse of Citizenship and Residency by Investment Programs."

The 62-page report "examines money laundering and financial crime risks associated with investment migration programs," among other issues such as corruption, bribery, tax, migration, and more. The report comes as a response to FATF Ministers' call in April 2022 for greater focus on corruption. 

FATF argues that citizenship and residency by investment are a breeding ground for misuse and corruption and that "criminals have exploited a range of vulnerabilities in CBI/RBI programs to perpetrate massive frauds and launder proceeds of crime and corruption reachi...

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