3 July, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile






mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 07/18/2012
VATICAN
Vatican gains European “approval” for anti-money laundering measures
The Moneyval report positive mainly on anti-money laundering measures and calls for strengthening of supervisory measures. Msgr. Balestrero: "For the Holy See, this process is first and foremost a moral rather than a technical commitment." It is “a definitive step to lay the foundations to a structure". " Now it is our wish to fully construct a building that effectively shows the Holy See’s and Vatican City State’s desire to be a reliable partner in the international community "

Vatican City (AsiaNews) - "Pride in what we have accomplished, tempered by recognition of what we must still do " is the Vatican response to the conclusions of the Moneyval evaluation report on prevention money laundering and the financing of terrorism adopted by the Holy See / Vatican City State (in the picture: the headquarters of the IOR).

The opinion was expressed today by Msgr. Ettore Balestrero, undersecretary for Relations with States, as leader of the Holy See delegation at the MONEYVAL Plenary Session - The Committee of Experts of the Council of Europe for the evaluation of measures to combat money laundering and the financing of terrorism - which has approved the first evaluation report on measures taken in these matters, by the Vatican.

"For the Holy See - said Mgr. Balestrero who gave a briefing - this process is first and foremost a moral rather than a technical commitment.  As Pope Benedict XVI stated in his 30 December, 2010 Motu Proprio, just as the rest of the international community equips itself with the tools necessary to fight these evils, it is right and good that the Holy See share in these efforts, adopting such tools "as its own" and thereby also "carrying out the mission of the Holy See".

"As the Secretariat of State clarified in requesting this evaluation, the Holy See recognizes that moral commitments must be accompanied by the technical compliance and effective implementation of the international standards necessary to fight money laundering and the financing of terrorism.  Compliance and effective implementation are indeed what render moral commitments concrete. "

" In this light, the report released today is not the end, but is rather an important passage of our continuing efforts to marry moral commitments to technical excellence.We have taken a definitive step to lay the foundations to a structure - a house if you will - that is to a robust and sustainable system to combat money laundering and the financing of terrorism. Now it is our wish to fully construct a building that effectively shows the Holy See's and Vatican City State's desire to be a reliable partner in the international community".

Specifically, the Vatican got a positive result ("broadly conforming" or "conforming") in nine of the 16 of FATF recommendations, the Financial Action Task Force especially in the field of money laundering. But questions remain to be resolved, especially regarding control structures. In particular Moneyval "calls on the Holy See to strengthen its supervisory structures."

According to Father Federico Lombardi, director of the Vatican Press Office, Moneyval's judgment on the Vatican is "a historic moment, but there are many things to do. But the Vatican's collaboration with competent people from the outside world, represents a historical fact. Of course, it is clear from the report that much work remains to be done. "


e-mail this to a friend printable version

See also
05/22/2013 VATICAN
Vatican continues fight against money laundering
05/19/2014 VATICAN
Vatican “significantly stregthens” measures against money laundering and financial crimes
12/30/2010 VATICAN
Pope: new laws for transparency, honesty and accountability in financial matters
02/16/2012 NEPAL
Nepal risks ruin because of Maoist opposition to international financial rules
by Kalpit Parajuli
12/16/2014 CHINA
China loses US$ 1.25 trillion to tax evasion and corruption

Editor's choices
ISLAM - MIDDLE EAST
Al Azhar and Vatican against terrorism. The ambiguity of the international community
by Bernardo CervelleraThe influential Sunni university denounces " heinous" violence of the Islamic state and demands the world defeat this group “through every possible means". Vatican: terrorism is a threat to all humanity. France claims to fight terrorism, but then sells weapons, aircraft, helicopter gunships to Saudi Arabia, which supports Islamic fundamentalism. Kuwait tolerates Salafis who support the Nusra Front and the Islamic state. Turkey against the Kurds; the United States against Iran, Russia and China.
TUNISIA - ISLAM
Tunis, stop terrorism by closing fundamentalist mosquesPresident Essebsi believes unified and global strategy needed to counter terrorism. The attack in Sousse almost simultaneous with those in France, Kuwait, Somalia. Islamic State claims responsibility.
VATICAN – ITALY
Pope in Turin tells young people to be chaste in love, go against the flow and not retire at 20In his last meeting on the first day of his visit to Turin, Francis met young people in Vittorio Square. In a Question and Answer exchange, he talked about love, friendship and loss of trust towards life. "I understand you. How many hypocrites speak of peace and sell weapons. How can one trust? By following Christ, whose act of extreme love, i.e. the Cross, saved humanity." The pontiff also looked at the horrors of the 20th century as evidence of the loss of trust towards world powers. He urged young people “not to retire at 20,” but “live, don’t just exist.”

Dossier

Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.