Amid a worldwide refugee crisis and increased immigration restrictions, most EU member states sell “golden visas”—residence permits or citizenship—to the ultra-wealthy for thousands or even millions of euros.
The study, led by economics professor Bruno Gehrig, focused on the investment businesses that Raiffeisen Switzerland and its subsidiaries bought under Vincenz.
The US Federal Reserve is investigating how Deutsche Bank handled billions suspicious payments from Danske Bank, as regulators try to unravel who was involved in one of the largest financial scandals in history.
Reignwood, the Chinese company which owns Wentworth Golf Club in Surrey, is suing its former head of international operations for allegedly mishandling over 32,000 bottles of wine, worth £4.8 million.
One of the authors of the report, John Glover, a professor of law at RMIT, told the ABC that Australia was behind other countries when it came to the regulation of trusts.
“This diktat goes against freedom and it is unjust, useless, dangerous and anti-Swiss,” the alliance president said.