A Golden Visa or Golden Passport is citizenship or residency acquired through an investment program. Holders may use these to conceal their true identity and nationality, creating money laundering risk.
Golden Visas are typically identifiable because the country of issuance differs from the holder's nationality.
If a UBO or director holds a Golden Visa, the customer is classified as Immediate High Risk. Aspire collects and verifies both Source of Funds and Source of Wealth for UBOs and directors with Golden Visas.