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Anti-Money Laundering Experts Inspect Vatican

Boston Globe
November 26, 2011

http://www.boston.com/business/articles/2011/11/26/anti_money_laundering_experts_inspect_vatican/

The Vatican says European inspectors in the fight against money laundering have held a week of meetings with church officials as part of ensuring that the Holy See's law conforms with international efforts to combat financing of terrorism.

The Vatican said the efforts will yield a report that will be discussed by experts at the Council of Europe, likely in mid-2012.

Legal, financial and law enforcement experts from several countries held meetings ending on Saturday with top Vatican financial, police and administrative officials. Earlier this year, Italian prosecutors ordered the release of euro23 million ($33 million) seized from a Vatican bank account in a laundering probe. The Vatican, denying wrongdoing, said a misunderstanding triggered the embarrassing probe. The Vatican has since issued new anti-money laundering laws.


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