VATICAN CITY
Gazzetta del Sud
Vatican City, May 22 – The Vatican Bank was involved in one of the six transactions flagged by the Holy See’s financial watchdog last year, the director of the Financial Information Authority (AIF) said Wednesday . Commenting on an annual report, Rene’ Bruelhart did not specify on the contents of the transaction, beyond that it was not tied to terrorism. The Holy See has been trying without success to join the ‘white list’ of states that meet international standards on combating money laundering and the financing of terrorism. In a report last July, the Council of Europe’s Moneyval department said that the Holy See had made progress on financial transparency, but added that more reforms were needed.
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