VATICAN: Holy See’s internal systems open to ‘abuse’ by senior figures, but state still comes away from MONEYVAL assessment with higher rating – one of only five countries to do so - AML Intelligence
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VATICAN: Holy See’s internal systems open to ‘abuse’ by senior figures, but state still comes away from MONEYVAL assessment with higher rating – one of only five countries to do so

By Dan Byrne for AMLi

It is still possible that the Vatican’s internal systems can be “abused” for personal benefit by its mid-level and senior figures, the Council of Europe has said.

A report from the Council’s anti-money laundering body MONEYVAL notes that authorities have not addressed this vulnerability in full – despite some recent high-profile corruption cases which have seen the state’s reputation slide.

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