Vatican reports new strides toward financial transparency
May 21, 2019
CWN Editor's Note: The Vatican’s Financial Information Authority (FIA) has reported significant new progress toward full transparency, in its annual report for the past year. René Bruhart, the president of FIA, said that in 2018 the agency flagged 56 instances of suspicious financial activity, and sent 11 reports to Vatican prosecutors for further investigation; one such report resulted in the first-ever conviction for money-laundering at the Vatican. The FIA also expanded its cooperation with financial regulators in other countries, and completed the process of entering the Vatican into the Single Euro Payments Area (SEPA).The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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