Vatican must 'deliver real results,' Moneyval says

'Technical deficiencies addressed,' anti-laundering agency adds

(ANSA) - Strasbourg, December 15 - The Vatican has brought most of its laws into line with international standards on money laundering and financial transparency but the new rules need to be applied, Moneyval, the Council of Europe's anti-money laundering agency, said in a report published Tuesday.
    "The Holy See has addressed most of the technical deficiencies in its legislation and regulations," Moneyval said.
    However the anti-money laundering system now needs to "deliver some real results" in terms of trials, convictions and confiscations. This is the second report issued by Moneyval on progress made by the Vatican in cleaning up its finances since the agency issued a series of recommendations in 2012.
    Pope Francis has made reforming the financial administration of the Holy See a central part of his papal agenda and pressure has risen to pursue the task following the Vatileaks 2 leaked documents scandal and the related publication of two controversial books documenting alleged Vatican waste and mismanagement and lavish spending by clergymen.


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