Vatican Gets Report Card On Financial Transparency

By: Associated Press
By: Associated Press

VATICAN CITY (AP) -- The Vatican has received a report card on its efforts to be more financially transparent, but it's a secret for now.

A Council of Europe committee in Strasbourg adopted a report by independent inspectors examining the Holy See's efforts to comply with international standards to fight money laundering and terror financing.

The evaluators' preliminary report found areas where the Vatican was compliant and others where it needed work, but neither the Vatican nor the Council of Europe would disclose the outcome, saying the committee's procedures forbid it.

The full report will be released in about a month's time, after the Vatican makes its own observations about the findings.

The Vatican submitted itself to the evaluation process more than two years ago in a bid to shed its image as a financially shady tax haven whose bank has long been embroiled in scandal.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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