Vatican is ready to beef up financial regulations Mgr. Balestrero says

The Under- Secretary for Relations with States and head of the Holy See delegation to the plenary session in Strasbourg, Mgr. Ettore Balestrero gives the Holy See’s interpretation of Moneyval’s findings

Vatican Insider staff
Rome

Speaking in Strasbourg about the outcome of Moneyval’s assessment of the Vatican anti-money laundering system, Mgr. Ettore Balestrero Under- Secretary for Relations with States and head of the Holy See delegation to the plenary session in Strasbourg, said “in short, our aim is to strengthen the system as a whole.”

“There are seven areas within the 16 GAFI Recommendations for the tough but necessary fight against money laundering and the financing of terrorism that require special attention,” he explained.

Balestrero told journalists that “the report published today does not therefore mark the end but is a milestone in our relentless efforts to combine moral commitment with technical excellence.”

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