VATICAN CITY
CNN Money
by Jim Boulden @CNNMoney
It’s time the Vatican got serious about money laundering.
An independent group of European financial experts wants to see “some real results” in terms of indictments and prosecutions at the Vatican Bank.
The experts have been reviewing the Vatican’s attempts to clean up its bank after money laundering scandals rocked the home of the Catholic Church in 2010.
In a progress report released Tuesday, the experts say the bank must go after those accused of money laundering in order “to deliver effective results in terms of prosecutions, convictions and confiscation.”
While 11 million euros ($12 million) has been frozen, and 29 money laundering investigations launched, no one has been prosecuted or indeed indicted by Vatican authorities for money laundering since new procedures were put in place in 2012.
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