Pope To Issue Decree Against Money Laundering in Vatican ...

Oct. 2010 The Pope's Two Most Senior Bankers and the Vatican Bank Readies for Court action over funds and Breach of Anti-Money Laundering Regulations ...

Wednesday, December 29th, 2010

Pope To Issue Decree Against Money Laundering in Vatican

Pope Benedict XVI is expected to issue a decree Thursday that will ban money laundering activities in the Vatican and make its financial transactions more transparent.

The move comes months after the Italian government seized $30 million of Vatican assets and placed its bank chairman Ettore Gotti Tedeschi under investigation for breaking international financial regulations.

A Vatican statement Wednesday said the decree will bring the Vatican into compliance with European Union and international norms regarding money laundering and the financing of terrorism.

AP