The Vatican has brought
most of its laws into line with international standards on money
laundering and financial transparency but the new rules need to
be applied, Moneyval, the Council of Europe's anti-money
laundering agency, said in a report published Tuesday.
"The Holy See has addressed most of the technical
deficiencies in its legislation and regulations," Moneyval said.
However the anti-money laundering system now needs to
"deliver some real results" in terms of trials, convictions and
confiscations.
This is the second report issued by Moneyval on progress
made by the Vatican in cleaning up its finances since the agency
issued a series of recommendations in 2012.
Pope Francis has made reforming the financial
administration of the Holy See a central part of his papal
agenda and pressure has risen to pursue the task following the
Vatileaks 2 leaked documents scandal and the related publication
of two controversial books documenting alleged Vatican waste and
mismanagement and lavish spending by clergymen.
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