Full Text: Holy See Press Office Statement on Cooperation with European Financial Authorities

Vatican Radio
March 18, 2012

http://www.oecumene.radiovaticana.org/en1/Articolo.asp?c=572483

Below, please find the statement from the Press Office of the Holy See regarding the recently concluded meetings betwee the Holy See and MONEYVAL - the Department of the Council of Europe which deals with the evaluation of systems adopted by member States to counter money-laundering.

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Within the framework of the active co-operation between the Holy See and MONEYVAL (the Department of the Council of Europe which deals with the evaluation of systems adopted by member States to counter money-laundering), meetings of a technical nature were held in the Vatican between 14 and 16 March 2012.

The meetings had been planned earlier, taking into account both the specific nature of the Holy See and of Vatican City State and the fact that this was the first evaluation of their respective legal systems. The meetings made it possible to continue gathering information on the steps taken thus far in the process of complying with international standards in the area of preventing and countering money-laundering and the financing of terrorism, such as the adoption of the Decree No. CLIX of 25 January 2012, replacing Law No. CXXVII of 30 December 2010, as well as the ratification of and adhesion to certain international Conventions pertinent to the question.

As on the occasion of the earlier meetings that took place in November 2011, the experts met representatives of the competent Authorities of the Holy See and of Vatican City State.

The present phase will lead to the drafting of a report which, as scheduled, will be examined by the Plenary Assembly of MONEYVAL next July.