Vatican gets report card on financial transparency

July 5, 2012 • World News

Pope Benedict XVI waves during an audience to newly appointed archbishops, the day after they received the pallium, a woolen shawl symbolizing their bond to the pope, at the Paul VI hall, Vatican, Saturday, June 30, 2012. (AP Photo/Riccardo De Luca)

VATICAN CITY (AP) — The Vatican got a report card Wednesday on its efforts to be more financially transparent — but it’s a secret for now.

A Council of Europe committee in Strasbourg adopted a report by independent inspectors examining the Holy See’s efforts to comply with int-ernational 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 panel, known as the 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’s time, after the Vatican makes its own observations about the findings.

The Vatican submitted itself to the Moneyval evaluation process more than two years ago after it signed Login to read more

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