Tag : Terrorism Financing
title : Vatican Reform Finances, Counter Terrorism Measures Get Mixed Ratings in New Report From Anti-Money Laundering European Watchdog Group
summary : Many of previously cited Vatican finance deficiencies have been addressed in the Holy See system, states a Dec. 15 report released by MONEYVAL, the Council of Europe’s anti-money laundering committee. However, council representatives still urge money laundering prosecutions be ramped up. The uniqueness of the Holy See system, a state in which there are neither banks nor a market, presents unique situations regarding compliance with current standards that counter money laundering and the financing of terrorism.
date : Dec 16, 2015 12:17 PM EST