Vatican officials say they are
boosting transparency by joining international measures to try
to stop terror financing.
An order signed by Cardinal Giuseppe Bertello is part of
broader efforts by financial organizations around the globe to
freeze assets held by suspected terrorist groups and
individuals.
The order especially fits with an October 2013 law that
requires the Vatican to meet international standards of
transparency required by the Council of Europe's Moneyval
agency.
Those standards demand that members work towards the
"prevention and combating money laundering and financing of
terrorism," through means including cooperation and sharing of
information with relevant financial authorities.
In a December report, the group said that it approved of
the efforts made thus far by the Vatican to bolster financial
transparency within its institutions, whilst adding that more
work needed to be done.
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