Vatican told to get tough on those caught laundering money

c. 2015 Religion News Service

VATICAN CITY (RNS) A European financial crimes watchdog on Tuesday (December 15) called on the Vatican to prosecute those caught money laundering, stating the Holy See must act to ensure the success of its financial reforms.

“There is a need now for the anti-money laundering and counter terrorist financing system, to deliver effective results in terms of prosecutions, convictions and confiscation,” said the report by the Council of Europe’s Moneyval oversight agency.