VATICAN CITY (Reuters) - A European report on Wednesday identified serious failings in the Vatican’s scandal-plagued bank, sharply criticizing its management and giving it a negative rating in almost half the most important transparency-related assessment criteria. The report, by Moneyval, a department of the Council of Europe, suggests the Vatican still has a long way to go before it can be included on an international “white list” of countries that abide by global norms on combating money laundering, the financing of terrorism and tax evasion. …

Original post by Reuters and software by Elliott Back

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