The Vatican has finally revamped it laws to address the growing concern of money laundering and terrorist financing. The Council of Europe’s anti-money laundering and counter terrorist financing body Moneyval told the Vatican that it “needs to deliver some real results on the prosecutorial side.”
According to a Wall Street Journal article, there have been no enforcement actions since the 2013 Vatican anti-money laundering law, which was put into place to tackle serious financial crimes.
