Yesterday, in Strasbourg, the Plenary Meeting of Moneyval (the “Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism” of the Council of Europe) approved the Second Progress Report of the Holy See/ Vatican City State. The approval of this latest Report, which follows on the Mutual Evaluation Report of 4 July 2012 and on the Progress Report of 9 December 2013, is part of the ordinary reporting process foreseen in the Rules of Procedure of Moneyval for all member States.
TheMoneyval Committee has welcomed the outcome of the continued efforts by the Holy See and the Vatican City State to further strengthen their institutional, legal and operational framework for combatting money laundering and the financing of terrorism (AML/CFT).
“The latest Progress Report confirms that the Holy See has established a functional, sustainable and effective system, aiming at preventing and fighting financial crimes”, said Monsignor Antoine Camilleri, Under-Secretary for Relations with States, and Head of Delegation of the Holy See and Vatican City State to the Moneyval Plenary.[Original text: English] [Vatican-provided communique]