The Vatican has rewritten its 2010 anti-money laundering law after European inspectors found that it didn’t fully meet their tough standards to combat the financing of terrorism.
The new law, a copy of which was obtained Friday by The Associated Press, requires the Vatican to create a list of terror organizations based on those issued by the United Nations and requires the Vatican enter into agreements with other countries to share financial information.
…The article concerned the Vatican’s ratification of three anti-crime treaties that must be adopted to comply with the norms of the Financial Action Task Force — the Paris-based policymaking body that helps develop anti-money laundering and anti-terror financing legislation.
Mamberti said the ratification of the treaties as well as the Vatican’s 2010 law, which he parenthetically revealed had been “modified” on Wednesday, showed the Vatican’s determination to adhere to the most rigorous international standards.
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Copyright 2012 The Associated Press.
