New European report on Vatican banking procedures due in December
Catholic World News - April 10, 2013
European banking examiners plan to issue a new report on Vatican financial procedures in December.
Last year the “Moneyval” committee, which appraises banking systems for their compliance with European standards guarding against money-laundering, issued a report that indicated that Vatican had made major steps toward full compliance, but still needed improvement in some areas. The December report from the Moneyval committee will cover the Vatican’s efforts to make those improvements.
Vatican banking officials have emphasized their determination to meet the Moneyval standards for transparency and to gain full approval for Vatican banking procedures.
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!
Our Spring Challenge Grant
Progress toward our Spring Challenge Grant goal ($15,854 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!