UNITED STATES
Toronto Star
Associated Press
WASHINGTON—The Obama administration is for the first time citing Vatican City as a potential hub for money laundering.
The State Department’s annual International Narcotics Control Strategy Report released Wednesday identifies the Holy See as one of 68 countries or jurisdictions “of concern” for money laundering or other financial crimes.
Officials said the Vatican is on the list because it isn’t clear whether a year-old anti-money laundering regime is effective.
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