Sunday, November 27, 2011
VATICAN CITY (AP) — European inspectors fighting money laundering on Saturday wrapped up a week of meetings with church officials as part of ensuring that the Holy See’s law conforms with international efforts to combat financing of terrorism, the Vatican said.
The officials will issue a report that will that will be discussed by experts at the Council of Europe, likely in mid-2012, the Vatican said in a statement.
Earlier this year, Italian prosecutors ordered the release of (euro) 23 million ($33 million) seized from a Vatican Bank account as part of a money-laundering probe. Italian financial police had seized the money in September 2010, and placed the bank’s two top officials under investigation, over allegations that the bank broke the law by trying to transfer funds without identifying the sender and recipient. Continue reading