The transfer comes after an Al Jazeera investigation confirmed that politicians had been prepared to assist criminals purchase passports.
Cyprus has introduced it should abolish a controversial passport scheme following the discharge of an investigation by Al Jazeera that implicated high-ranking politicians who had been prepared to difficulty passports to convicted criminals.
The Ministries of Interior and Finance stated in a press release posted in Greek on Twitter that the citizenship by funding programme in its present kind might be abolished from November 1.
“The proposal was based on the timeless weaknesses but also on the abusive exploitation of the provisions of the program,” the tweet stated.
On Monday, Al Jazeera’s Investigative Unit launched The Cyprus Papers Undercover, which confirmed the willingness of parliamentary Speaker Demetris Syllouris and member of parliament, Christakis Giovanis (additionally recognized in Cyprus as Giovani), to help and abet convicted criminals to acquire a passport by the Citizenship Investment Programme (CIP).
The investigation got here weeks after Al Jazeera additionally launched The Cyprus Papers, a cache of virtually 1,400 paperwork exhibiting Cyprus had granted passports to criminals, folks wished by Interpol within the earlier years.