VATICAN CITY
AFP
[MONEYVAL’s first evaluation report on the Holy See – Council of Europe]By Dario Thuburn (AFP)
VATICAN CITY — The Vatican on Wednesday promised to redouble efforts against money laundering as it fights off a dark history after a Council of Europe report hailed recent progress but urged tighter controls.
“The report released today is not an end, but a milestone in our continuing efforts,” the Holy See’s Under Secretary of State Ettore Balestrero, who headed the Vatican’s delegation to the Council of Europe, told reporters.
“We obviously wish to strengthen the overall system,” he said.
Balestrero said the report’s recommendations would be addressed “expeditiously and giving proof of effectiveness” and the Vatican will have to put together a progress report on compliance by July next year.
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