- Jun 2, 2020
Facing a ticking clock on several fronts, the coronavirus has bought Pope Francis and his Vatican team some time.
The Council of Europe’s Moneyval evaluators issued a periodic report Friday on the Vatican’s compliance with international norms to fight money laundering and terrorist financing.
The Council of Europe’s Moneyval committee is expected to issue a progress report Wednesday on the Vatican’s compliance with international norms to fight money-laundering and terror financing, particularly at its bank.
While Pope Francis was away in Asia, the Vatican removed the number two official at the Vatican bank without any explanation. The episode forms part of a broader perceived crisis in the pope’s financial reform.