VATICAN CITY
Canada.com
Agence France-Presse June 17, 2012
ROME – The Vatican may fail to pass transparency tests next month carried out by the Council of Europe, an Italian newspaper said Sunday.
Moneyval, the Council of Europe’s anti-money laundering experts, is due to rule at the beginning of July on the whether the Holy See has cleaned up its act to international monetary standards.
According to Italian daily newspaper Il Fatto Quotidiano, which claims to have knowledge of the main elements of a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, the Vatican is at risk of scoring unsatisfactory ratings for eight out of 16 “key recommendations”.
It would therefore fail to be included on a “white list” of transparent states.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.