Click here to advertise on CatholicCulture.org

Vatican hires consultant to strengthen defenses against money-laundering

Catholic World News - September 11, 2012

The Vatican has hired an expert consultant to strengthen its safeguards against money-laundering.

In July an appraisal by European banking investigators, the Moneyval group, gave the Vatican passing grades for transparency, but called for further steps to reduce the possibility of money-laundering. Reponding to the Moneyval suggestions, the Vatican has engaged Rene Bruelhart, a Swiss lawyer who has been heading the financial-investigations unit of Liechtenstein’s government.

Bruelhart is regarded as one of the leading international figures in detecting and preventing money-laundering and the financing of illegal and terrorist activities. Bruelhart has already begun working with Vatican officials, helping to beef up defenses against illicit financial activities.

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 seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our April expenses ($26,663 to go):
$35,000.00 $8,336.70
76% 24%
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
Shop Amazon

Recent Catholic Commentary

Mysteries, again and again! 6 hours ago
Tips for getting comfortable with evangelization 9 hours ago
The Shroud of Turin on Display (and an odd canonical case against it) April 16
The Vatican says the LCWR is acting Catholic. And that's news. April 16
The Truth about the Armenian Genocide April 15

Top Catholic News

Most Important Stories of the Last 30 Days
Pope challenges world leaders' silence on persecution of Christians CWN - April 6
Pope outlines plans for the extraordinary jubilee of mercy CWN - April 13
Vatican completes doctrinal assessment of Leadership Conference of Women Religious CWN - April 16