This is the best summary I could come up with:

The EU has raised security concerns about the trade in “golden passports” and vowed to tighten visa controls after revealing five Caribbean states have sold citizenship to 88,000 individuals from countries including Iran, Russia and China.

The commission is proposing to overhaul regulations, saying it is concerned golden passports could be enabling the “infiltration of organised crime, money laundering, tax evasion and corruption”.

The report said the rejection rate for applications to Dominica and St Kitts and Nevis was “extremely low (between 3% and 6%), which, together with the short processing times (as little as two months in some cases), raises questions as regards the thoroughness of the security screening”.

It also raised concerns around the nationalities of golden passport holders, saying most applicants came from China and Russia, Syria, Iran, Iraq, Yemen, Nigeria and Libya – all countries that have high levels of perceived corruption.

Margaritis Schinas, the European Commission vice-president who is coordinating the migration changes, said the rules needed “sharpening” with a list of “new reasons to suspend visas”.

However, the prime minister, Roosevelt Skerrit, defended the sale of passports in two press conferences held after being approached for comment, describing the background checks on applicants as “robust”, with candidates undergoing “layers of due diligence”.

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