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Bank of China Money Laundering Accusation Crisis–Is This the Start of Cooling Off For EB-5 Investment From China?

China’s state television accused Bank of China, one of the biggest state-owned commercial banks in China violates the currency exchange rules and involves in shadow banking and money laundering on a large scale. This news is rather alarming to the EB-5 community as China provides more than 85%...

EB-5 Visa Numbers Unavailable For Chinese Applicants Until Oct. 1, 2014

On August 23, 2014, the day we feared finally came. At the American Immigration Lawyers Association (AILA) EB-5 Conference in Chicago, Mr. Charles Oppenheim, the Chief of Immigrant Visa Control and Reporting Division in the US Department of State, announced that the maximum EB-5 visa numbers for the...