Action Alert!
Catholic World News

Vatican City implements new standards for cooperation against money-laundering

May 07, 2014

The Vatican has agreed to a new set of European standards aimed at the “prevention and combating money-laundering and financing of terrorism.”

Cardinal Giuseppe Bertello, the president of the Vatican City governorate, signed the new order, committing the Vatican to cooperation with international banking authorities. The order fulfills one of the recommendations made by European banking inspectors last October in their assessment of the Vatican’s financial standards.


Sound Off! 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.