According to Transparency International, what is a major concern with EU golden passport and visa schemes?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. They enable the corrupt to exploit citizenship and residency systems for personal gain.
Transparency International has repeatedly warned that EU Golden Passport and Visa schemes (Citizenship/Residency by Investment) pose severe risks of corruption, money laundering, and security threats. According to their reports, these programs often lack transparency and rigorous due diligence, allowing criminals and corrupt officials to "buy" access to the Schengen Area.
This commodification of citizenship enables individuals to hide illicit assets, evade prosecution in their home countries, and move freely across Europe, undermining the integrity of the entire Union.