Europa-Rat beklagt halbherzige Säuberung der Vatikanbank IOR | The Guardian
Europarat beklagt halbherzige Säuberung der Vatikanbank IOR – The Guardian.
Council of Europe body finds Holy See regulators need more resources as more reports tell of suspect transactions
The Vatican\’s efforts to clean up its financial institutions were welcomed in a report by a Council of Europe body, published on Thursday. But the authors expressed surprise that the Holy See\’s regulators had not done full inspections of the Vatican bank or of the Administration of the Patrimony of the Apostolic See, which manages the papacy\’s assets.
Both groups were embroiled in scandal this year when Italian police arrested a prelate who allegedly tried to smuggle €20m in cash into Italy from Switzerland by way of the Vatican bank, properly known as the Institute for the Works of Religion.
The prelate, Nunzio Scarano, is now on trial in Rome charged with corruption and slander.
The report, by Moneyval, the Council of Europe body, which monitors safeguards against money laundering and terrorist funding, revealed that the financial clampdown, which began under Pope Benedict XVI, had led to a surge in reports of suspect transactions. ………