Holy See: Moneyval Progress Report to be made in December
(Vatican Radio) The Holy See’s continuing commitment to prevent money
laundering and to support financial transparency. In December, its Progress Report
will be presented to MONEYVAL.
The Holy See is committedly continuing
its dialogue with MONEYVAL, the monitoring Committee of the Council of Europe that
evaluates national measures to combat money laundering and the financing of terrorism.
Yesterday, 9 April, the Committee decided by normal procedure that the Holy See’s
and the Vatican City State’s next Progress Report will be presented in December of
Moreover, the Committee also accepted the Holy See’s own proposal
that this next report cover not only the Core Recommendations, but also all the areas
covered by the Key Recommendations. With this initiative, the Holy See wishes to provide
a more complete overview of the measures taken over the last year to further strengthen
its institutional structure in the area of preventing money laundering and the financing
As will be recalled, the Holy See/Vatican City State’s Evaluation
Report was approved by MONEYVAL in July of last year. According to MONEYVAL’s normal
procedures, over the course of the following year every country is obliged to submit
a Progress Report to MONEYVAL’s Plenary Assembly, limited to the Core Recommendations.
In this context, the Holy See’s initiative that was approved yesterday, which also
extends its Report to the Key Recommendations, confirms its commitment to constructive
dialogue with MONEYVAL in order to further strengthen its system of preventing money
laundering and the financing of terrorism.