VATICAN CITY
Chicago Tribune
Philip Pullella
Reuters
1:34 p.m. CST, December 9, 2013
VATICAN CITY (Reuters) – A European committee evaluating the Vatican’s financial reforms said the Holy See had made significant progress but needed more internal controls over its bank and another key financial office, sources familiar with the report said on Monday.
The plenary of Moneyval, a monitoring committee of the Council of Europe, adopted a progress report on the Vatican following a July, 2012 initial evaluation that made recommendations on how the Holy See could clean up its murky finances. Moneyval will issue its report on Thursday.
It is expected to add impetus to Pope Francis’s efforts after decades of scandal, particularly surrounding its bank.
According to two sources familiar with it, the Moneyval report says the Vatican has made much progress in the past 17 months in areas such as legislation to combat money laundering, tax evasion and the financing of terrorism.
“This is a very positive document,” one person familiar with the report said. Another expressed “massive satisfaction”.
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