Click here to advertise on CatholicCulture.org

European bank experts visit Vatican, evaluate new financial procedures

Catholic World News - November 28, 2011

European banking experts were in Rome last week for meetings with Vatican officials, as part of the process by which the Holy See is seeking approval as a full partner in European banking accords.

After complaints that the Vatican Bank had violated news European regulations designed to prevent money-laundering and inhibit terrorism, Pope Benedict XVI issued a motu proprio last December that reformed all Vatican financial transactions, calling for more transparency and better documentation of all transfers. The reforms were intended to ensure continued Vatican participation in European banking partnerships.

Between November 21 and 26, Vatican officials received visits from a team of experts from the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL). The discussions were a key part of an evaluation that will be concluded sometime in the middle of 2012.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach five million Truth-seeking readers worldwide this year. Thank you!

Progress toward our April expenses ($18,914 to go):
$35,000.00 $16,086.48
54% 46%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Smaller Church, Bigger Faith, 3: Ecclesiastical Discipline April 17
The Holy Spirit and Evangelization: A Primer April 16
Journey to the Sun: A Strange Biography of Junípero Serra April 16
Russia's demographic recovery + US demographic decline = danger April 16
James Carroll strikes (at the Church) again April 16

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis's Easter Message 'Urbi et Orbi' (To the City and the World): full text, link to video CWN - 4 hours ago
Pope Francis: Easter Vigil homily (full text) CWN - 4 hours ago