Financial Regulator Says Vatican Bank Needs More Reform

Economic Times
May 29, 2015

http://economictimes.indiatimes.com/news/international/business/financial-regulator-says-vatican-bank-needs-more-reform/articleshow/47472596.cms

VATICAN CITY: The Vatican bank has made good progress in transparency but needs more changes to consolidate anti-money laundering reforms, the Holy See's financial regulator said on Friday.

The Financial Intelligence Authority's (AIF) also said in its annual report for 2014 that it had forwarded seven cases of suspected fraud or tax avoidance to the Vatican prosecutor's office for further investigation.

It said the number of reports it had received of potentially suspicious fi ..