Under normal circumstances, May 6 is also the day on which new recruits — all young Catholic men of Swiss nationality Photo: Pontifical Swiss Guard

Vatican releases report on current status of preventing and combating money laundering and terrorist financing

In its latest Annual Report, the Vatican Supervisory and Financial Information Authority (ASIF) highlights increasingly effective procedures and greater attention to geographical risk. IOR is confirmed as a well-organized entity as the Holy See receives a positive assessment in the follow-up by the Moneyval Committee of the Council of Europe.