VATICAN CITY
Vatican Radio
(Vatican Radio) The Press Office of the Holy See has issued a Note in response to the evaluation of the report of the Holy See to the Council of Europe’s financial oversight agency, MONEYVAL, which was submitted last week, on December 8th, and made available to the public by MONEYVAL on Tuesday, December 15th.
The Note recognizes MONEYVAL’s confirmation of the “substantial progress” the Holy See has made over the course of the past two years, toward, “building an institutional and regulatory framework for the prevention and combating of money laundering and the financing of terrorism that is functional and adequate to the task.”
The Note goes on to recall the $11.2 million in frozen assets that the Vatican’s investigative and prosecutorial arm – the “Promoter of Justice” – has frozen pending thorough investigation. It underlines the Vatican’s establishment of a strong international network that enables it to cooperate actively with other countries and international and transnational organizations working toward the same goals of transparency and rule of law.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.