British Authorities Suspend Investor Visas in Money Laundering Crackdown

British Authorities Suspend Investor Visas in Money Laundering Crackdown
The Home Office in London on July 8, 2014. Peter Macdiarmid/Getty Images
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LONDON—In an attempt to crack down on money laundering and corruption, the British government has suspended investor visas that allow the superrich to gain speedy entry to the country.

Tier-one investor visas enable wealthy people to settle in the UK by investing in government bonds or British businesses.

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