VATICAN CITY
AsiaOne
Wednesday, Apr 10, 2013
VATICAN CITY – The Vatican said Wednesday the next report by the Council of Europe on its efforts to bring its laws into line with international rules against money laundering is due out in December.
The progress report by the Moneyval monitoring committee will also look at the Vatican’s implementation of all recommendations, not just the “key recommendations” in its July 2012 report.
The Vatican last year promised to redouble its efforts to reform its scandal-plagued bank and overhaul financial legislation following an Italian inquiry into alleged money laundering.
In that report, the Vatican scored satisfactory ratings in nine out of 16 key recommendations and unsatisfactory ratings in the remaining seven.
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