Bangladesh, Oct. 23 -- Malta has revoked the citizenship of Russian national Semen Kuksov, who was convicted in the United Kingdom for laundering millions of pounds for international criminal networks. The decision marks one of the most high-profile cases in the countrys ongoing efforts to clean up the legacy of its controversial “citizenship-by-investment” program, widely criticized as a gateway for illicit wealth to infiltrate the European Union.

Kuksov, aged 25, was sentenced in February 2024 to more than five years in prison by a UK court after admitting to laundering over £12 million (approximately $15 million) in criminal proceeds. According to the UKs Crown Prosecution Service (CPS), Kuksov played a key role in op...