EXPERTS FROM MONEYVAL VISIT THE VATICAN
VATICAN CITY, 26 NOV 2011 (VIS) - From 21 to 26 November a series of meetings took place between members of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) and the Vatican authorities responsible for the prevention and countering of money laundering and the financing of terrorism, according to a communique released today by the Holy See Press Office.
"The 'in loco' visit of the inspectors is a further step in the MONEYVAL assessment procedures, promoted by request of the Holy See following the issue of Law No. 127 of 30 December 2010. Those procedures began on 14 September 2011 with the delivery of a preliminary explanatory document concerning both the juridical system of the Holy See and Vatican City State, and the implementation of initiatives to adapt to international standards in this field (40+9 Recommendations of FATF/GAFI (Financial Action Task Force) and the methodology of assessment agreed with the International Monetary Fund and the World Bank).
"The group of legal, financial and law enforcement experts from various countries (Russian Federation, United Kingdom, Belgium, Netherlands, Liechtenstein), coordinated by the MONEYVAL Secretariat, met with representatives from the Secretariat of State, the Governorate, the Juridical Offices, the Gendarmerie, the Prefecture for Economic Affairs, the Institute for Works of Religion (IOR), the Administration of the Patrimony of the Apostolic See (APSA), and the newly-founded Financial Information Authority.
"The outcome of this procedure will be the final assessment report, to be
discussed at the MONEYVAL plenary assembly which is expected to take place
around the middle of 2012".
OP/VIS 20111128 (280)