Anti-money Laundering Experts Inspect Vatican

By: Associated Press
By: Associated Press

VATICAN CITY (AP) -- The Vatican says European inspectors in the
fight against money laundering have completed a week of meetings
with church officials to ensure that the Holy See's law conforms with international efforts to combat financing of terrorism.

The Vatican said the efforts will yield a report that will be discussed at the Council of Europe, likely in mid-2012.

Earlier this year, Italian prosecutors ordered the release of $33 million seized from a Vatican bank account in a laundering probe. The Vatican denied wrongdoing and said a misunderstanding
triggered the embarrassing probe. The Vatican has since issued new
anti-money laundering laws.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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