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 Tier 1 investor visas were introduced 10 years ago to encourage wealthy people from outside the EU to invest in Britain. A £2 million investment bought a visa and indefinite leave to remain after five years.

The scheme will be suspended temporarily until an audit process is introduced next year, officials said.

"We will not tolerate people who do not play by the rules and seek to abuse the system," Immigration Minister Caroline Nokes said, announ...