VATICAN CITY
Catholic Courier
By Cindy Wooden Catholic News Service
VATICAN CITY (CNS) — The Holy See and Vatican City State have continued to strengthen their institutional, legal and operational frameworks for combating money laundering and the financing of terrorism, an international monitoring organization said.
“Moneyval” — the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism — approved the Vatican’s report on its efforts Dec. 8 during a meeting in Strasbourg, France. The committee also issued an assessment of the Vatican’s report, which was expected to be published by mid-December, a spokesman for Moneyval told Catholic News Service Dec. 9.
The report and assessment are “part of the ordinary reporting process foreseen in the Rules of Procedure of Moneyval for all member states,” the Vatican said in a statement Dec. 9.
“The latest progress report confirms that the Holy See has established a functional, sustainable and effective system, aiming at preventing and fighting financial crimes,” said Msgr. Antoine Camilleri, under-secretary for relations with states and head of the Vatican delegation to the Moneyval plenary.
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