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

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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.

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