VC fund OneVenture says vetting investors too ‘burdensome’ – Australian venture capital firm OneVentures has called for the government to take over verification of wealthy immigrants coming to Australia under the Significant Investor Visa program because it is too “burdensome’’ for the funds receiving the money. Managing Director Paul Kelly says that funds do not have the resources or expertise to police the KYC and AML rules for such large numbers of applicants.

Canada’s new millionaire migration scheme gets just six applications, in snub from rich Chinese – Canada’s new Immigrant Investor Venture Capital program has received just six applications worldwide according to data obtained by the South China Morning Post. despite the government initially seeking 500 applications. Critics blame the lack of uptake on high cost and risk factors compared to its defunct predecessor.