2012-07-17 19:07:51

Europe's Vatican finance report to be released on Wednesday


July 17, 2012: European banking inspectors have completed their report on the Vatican’s financial procedures, and the report will be officially published by Moneyval on Wednesday, according to a Vatican communique on Tuesday. Msgr. Balestrero Ettore, Vatican’s Under Secretary for Relations with States will brief the press on Wednesday on the report regarding the Holy See and the State of Vatican City on anti-money laundering and combating the financing of terrorism.

Inspectors from the “Moneyval” committee have been assessing the new Vatican regulations on financial transfers, which are intended to ensure compliance with European rules to guard against money-laundering. Last year the Vatican adopted a series of new financial accounting procedures designed to eliminate concerns about transparency.

The Council of Europe MONEYVAL Committee adopted on 4th July this year, during its 39th plenary meeting, the first evaluation report on the Holy See including the Vatican City State. Moneyval is the Council of Europe’s department responsible for the evaluation of member states with respect to anti-money laundering systems.








All the contents on this site are copyrighted ©.