Vatican hires consultant to strengthen defenses against money-laundering
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.
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- Holy See’s Ongoing Commitment to Combat Money Laundering (VIS)
- Vatican hires Swiss anti-money laundering expert to boost efforts to fight financial crimes (AP)