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Vatican bank may fail transparency test
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The Vatican may fail to pass transparency tests next month carried out by the Council of Europe, an Italian newspaper said Sunday.
Moneyval, the Council of Europe’s anti-money laundering experts, is due to rule at the beginning of July on the whether the Holy See has cleaned up its act to international monetary standards.
According to Italian daily newspaper Il Fatto Quotidiano, which claims to have knowledge of the main elements of a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, the Vatican is at risk of scoring unsatisfactory ratings for eight out of 16 “key recommendations”.
It would therefore fail to be included on a “white list” of transparent states.
Pope Benedict XVI wanted better transparency for its bank, officially known as the Institute for Religious Works, which handles donations and is where some religious figures hold accounts. [More]
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4 Comments
Recovering — you should see a therapist instead of spending so much time posting on this site. I know you are trying to get over your anger, but posting here won’t really help you. Go see a genuine Christian therapist who knows the power of forgiveness.
What’s the big deal? What the Vatican does with their money is none of the world’s business.
It is just unbelievable how naive some of the men at the top are.
Well, Recovering, since they are “men” (you point out), then of course they are naive — and every other negative thing you can think of. The world would be so much better if the men would just let the women run it.