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Vatican Gets Report Card On Financial Transparency

By: AP
By: AP

VATICAN CITY (AP) -- The Vatican has gotten its report card on its efforts to be more financially transparent -- but it's secret.

A Council of Europe committee in Strasbourg on Wednesday adopted a report by independent inspectors who have been studying the Holy See's efforts to comply with international standards to fight money laundering and terror financing.

The evaluators' preliminary report found areas where the Vatican was compliant and where it needed work. During the meeting Wednesday of the Council of Europe's Moneyval committee, that report was amended by governments who are committee members, as often occurs. But neither the Vatican nor the Council of Europe would disclose the outcome, saying Moneyval's procedures forbid it.

The full report will be released in about a month, after the Vatican makes its own observations about the findings.


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