Mercoledì, 17 Ottobre 2018
VATICAN CITY

Cardinals discuss Vatican Bank at final pre-conclave meeting

English
© ANSA

Vatican City, March 11 - Cardinals in the final day
of meetings before voting for a pope in the conclave discussed
issues at the troubled Vatican Bank.
Vatican spokesman Father Federico Lombardi said "a brief
report" on the Bank, also known as the Institute of Religious
Works (IOR), was presented by Cardinal Tarcisio Bertone, the
secretary of state during the papacy of Benedict XVI.
Lombardi said the report addressed the "process of
integrating with Moneyval," which is the Council of Europe's
committee on financial transparency.
The Vatican has been making efforts to comply with Moneyval
in order to join the 'white list' of states that respect
international standards on combating money laundering and the
financing of terrorism.
One high-profile controversy during Benedict's papacy
involved the Vatican Bank, whose head was sacked amid a push to
get it on the UN's list of countries with flawless
anti-money-laundering credentials.

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