The Vatican has hired a Swiss anti-money-laundering expert to advise it as it moves into a new phase of trying to combat money laundering and terrorist financing.
The announcement Tuesday came two months after the Holy See passed a key European financial transparency test, but received failing grades for its financial watchdog agency and its bank, long the source of some of the Vatican’s more storied scandals.
The Vatican said attorney Rene Bruelhart, 40, would help strengthen the Vatican’s regulatory framework as it moves to implement the recommendations from the Council of Europe’s Moneyval committee, which evaluated the Holy See’s financial trustworthiness. Continue reading
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