BBC: EU court overturns Malta’s golden passport scheme, citing legal violations and heightened financial crime risks

The court determined that the scheme effectively reduces nationality to a commercial transaction, undermining the principle of mutual trust between EU member states. By granting citizenship in exchange for a significant financial commitment—such as a €600,000 investment, property purchase, and charitable donation—Malta’s scheme raised concerns about the potential for money laundering, tax evasion, and corruption…