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Moneyval praises Holy See’s efforts against money laundering, but raises ‘red flag’

May 09, 2022

» Continue to this story on Council of Europe

CWN Editor's Note: Moneyval, the agency of the Council of Europe that combats money laundering and the financing of terrorism, has issued its 2021 annual report.

The Holy See’s “authorities have a generally good high-level understanding of their money laundering and financing of terrorism threats and vulnerabilities,” according to the report (p. 16). “However, domestic cases which have raised a red flag for potential abuse of the internal system by mid-level and senior figures (insiders) for personal or other benefits have not been addressed within the national risk assessment.”

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.

 


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