Another recognition for Alternativeafrica.com from Transparency International
London, October 8, 2018 (AltAfrica)-Two months after our first international accreditation, another international recognition has come the way of Alternativeafrica.com. This time from the global anti-corruption agency, Transparency International
The London based Pan African News Website is been invited to join hundreds of news hunters across the world at the “Golden Visa Report Launch by Transparency International in Brussels on Wednesday October 10, 2018 at The Press Club, Rue Froissart, 95, 1ooo, Brussels
The report, “Inside the Murky World of Golden Visas” was years of collaborative investigation between Transparency International, EU, and Global Witness about how unscrupulous individuals sell EU citizenship and residency rights just like a luxurious tourist package under the guise of ‘golden visa’ programmes”
This according to the agencies have sparked controversy due to money-laundering, opacity and security concerns particularly ability to use the programme to move large amount of corrupt monies across the boundaries unnoticed and undetected
Following the 2008 financial crisis, new kinds of investor schemes have blossomed across Europe with the aim to offer fast-track residency or even citizenship to third-country nationals in return for investments in the national economy. Although, increased foreign investment in key economic sectors in Member States may seem very welcome, these programmes also raise serious concerns that these schemes may offer easy access and legitimate cover for money launderers wishing to introduce substantial amounts of illicit money in the market.
Another characteristic of these schemes is that they essentially rely on their capacity to offer free access to the Schengen area. As such, the lack of transparency and checks over these schemes risks undermining EU core values and citizenship principles. Aware of the European dimension of the issue, Transparency International EU is advocating for an EU-level intervention to ensure Member States adopt stronger integrity and transparency standards in the management of these schemes