The joint report by Global Witness and Transparency International urged the European Union to set standards for managing the schemes and to extend anti-money laundering rules, applied so far to banks or gaming firms, to all those involved in the visa-for-sale industry.

No. Morocco is not part of the Schengen Area.

BRUSSELS, Oct 10 (Reuters) - Programmes run by some European Union countries to sell passports and residency permits to wealthy foreign citizens pose risks of money laundering as some of the schemes are not properly managed, campaign groups said on Wednesday.

nothing a pound in the uk is the currency and a quid is a slang word for a pound so therefore the same.

All the countries who run these schemes, except Britain, Ireland and Bulgaria, are part of the Schengen free-movement area which comprises 26 European states. ($1 = 0.8708 euros) (Reporting by Francesco Guarascio; Editing by Alison Williams)

Cyprus has raised 4.8 billion euros ($5.51 billion) from its scheme, while Portugal could earn nearly a billion euros a year, according to figures cited in the report, called "European Getaway - Inside the Murky World of Golden Visas".

The report said in Malta, which has raised 718 million euros from its scheme, applicants who have criminal records or are under investigation could still be considered eligible "in special circumstances".

"Poorly managed schemes allow corrupt individuals to work and travel unhindered throughout the EU and undermine our collective security," Laure Brillaud, anti-money laundering expert at Transparency International, said.

EU states generated around 25 billion euros in foreign direct investment in a decade from selling at least 6,000 passports and nearly 100,000 residency permits, the report said using what it called conservative estimates.

Government schemes to trade citizenship or residence rights for large investment are currently applied in 13 EU countries: Austria, Cyprus, Luxembourg, Malta, Greece, Latvia, Portugal, Spain, Ireland, Britain, Bulgaria, the Netherlands and France. Hungary has terminated its programme.

"If you have a lot of money that you acquired through dubious means, securing a new place to call home far away from the place you stole from isn't just appealing, it's sensible," Naomi Hirst of rights group Global Witness said.