READ THE U.S. POLICY STATEMENT WARNING ABOUT THE AML/CFT DANGERS OF CITIZENSHIP BY INVESTMENT (CBI) PASSPORT PROGRAMS

Citizenship by Investment (CBI): Departments and agencies will engage with foreign jurisdictions to address vulnerabilities created by Citizenship by Investment (CBI) programs. CBI programs attract investment by granting foreign investors citizenship rights in the country concerned—without requiring prior residency by the applicant. This additional nationality can undercut a cornerstone of AML/CFT regimes, as corrupt actors use CBI benefits to achieve enhanced access to the international financial system and visa-free mobility. Ineffective legal and regulatory oversight has led to the abuse of CBI programs by criminal actors, sanctions evaders, and corrupt officials. While we do not have a CBI program, the Administration is also committed to working with the Congress to enhance the process for vetting and granting visas under the U.S. EB-5 program.

( a direct quote from the United States Strategy on Countering Corruption,  December 2021.)