VATICAN CITY
BBC News
The Vatican must “deliver real results” from its investigations into money-laundering, the Council of Europe’s financial agency has said.
In its latest report, Moneyval said the Vatican had improved its financial management and its bank had shut down almost 5,000 suspicious accounts.
Vatican prosecutors had frozen about €11m ($12m;£8m) and 29 money-laundering investigations had been launched.
However, the agency said there had yet to be any indictments or prosecutions.
It said there was “a need now for the anti-money-laundering and counter-terrorist financing system to deliver effective results in terms of prosecutions, convictions and confiscation”.
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