VATICAN CITY
CNN
By Alanna Petroff @AlannaPetroff May 22, 2013:
LONDON (CNNMoney)
Pope Emeritus Benedict had made cleaning up the Vatican’s reputation for shady money a top priority, and Pope Francis is continuing the effort.
On Wednesday, a financial watchdog agency established in 2010 issued its first ever report on money laundering in a move to improve financial transparency in the city-state.
The document from the Financial Intelligence Authority shows six reports of “suspicious activity” in the past year, up from just one in 2011. It says the Vatican’s prosecutors are investigating two of those reports for possible criminal activity, though it wouldn’t elaborate further.
The 64-page report details how the Vatican is looking to crack down on money laundering and the financing of terrorist activities, alongside other international governments and agencies.
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