VATICAN CITY (Reuters) - A European report on the Vatican’s attempts to embrace financial transparency on Wednesday said the Holy See still had to make important reforms before it could reach international standards on combating money laundering and the financing of terrorism. As expected, the report by Moneyval, a department of the Council of Europe, said the Vatican had received negative grades on seven of the 16 so-called key and core recommendations and passing grades on the other nine. …

Original post by Reuters and software by Elliott Back

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