Friday, December 31, 2010

Vatican laws push financial openness

On the second last day of the year, the Vatican, whose bank is the focus of a money laundering investigation, enacted laws to bring it in line with international standards on financial transparency and the fight against funding terrorism.

Meanwhile, the Vatican plans to publish three important documents regarding its financial operations, including a papal letter on financial impropriety and a new statute to prevent money-laundering and other illegal practices.

To read more about the Vatican Bank, check out the unofficial Vatican Bank Website, which carries relevant stories.

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