Private client professionals have reacted to yesterday’s news that the UK Government is cracking down on the “Golden Visa” scheme for foreigners seeking a fast-track move to the UK after concerns over money laundering crime.

The Government was clear that the aim of the suspension of the Tier 1 visa investor scheme is to combat financial crime. However, “in practice, those with investor visas are no riskier than the average UK citizen. To gain an investor visa, you have to deposit the required funds in a UK bank account. That m...