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European Watchdog Urges Vatican to Toughen Up on Financial Crimes

Aarti Maharaj | December 16, 2015

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.


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