VATICAN CITY (Reuters) - A European report on Wednesday identified serious failings in the Vatican’s bank and gave the Holy See a negative rating in almost half of the most transparency related criteria. The milestone report by Moneyval, a department of the Council of Europe, welcomed reforms enacted so far but suggested 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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