Vatican officials meet European banking investigators
Catholic World News - March 20, 2012
Vatican officials have continued their drive to secure accreditation from European banking authorities, meeting last week with representatives of MoneyVal, the arm of the European Council that evaluates the security of bank systems.
Since adopting a new set of rules governing financial transfers, the Vatican has been battling to overcome persistent complaints that the Vatican bank is vulnerable to exploitation by money-launderers. The meeting with MoneyVal was designed to acquaint European banking officials with the steps the Vatican has taken to implement the new rules and tighten documentation of financial transactions.
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 seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our July expenses ($9,500 to go):
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!