Recital 11

(11) Investor residence schemes present risks and vulnerabilities, in particular, in relation to money laundering, the evasion of Union restrictive measures, corruption and tax evasion which could ultimately give rise to certain risks for the security of the Union. For example, weaknesses in the operation of certain schemes, including the absence of risk management processes or weak implementation of those processes can create opportunities for corruption, whereas weak or inconsistently applied checks on applicants’ source of funds and source of wealth might lead to higher risks that such schemes are exploited by applicants for criminal purposes, aiming to legitimise funds obtained through illicit means. In order to avoid that risks stemming from the operation of such schemes affect the Union’s financial system, Member States whose national law enables the granting of residence rights in exchange for any kind of investment should therefore put in place measures to mitigate the associated risks of money laundering, its predicate offences and terrorist financing. Such measures should include an adequate risk management process, including the effective monitoring of its implementation, checks on the profile of the applicants, including obtaining information on their source of funds and source of wealth, and the verification of information on applicants against information held by competent authorities.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.