January 1, 2011

http://www.planetinsane.com/new-vatican-laws-to-comply-with-international-standards/265005/

The Vatican introduced a set of laws to allow its fraud, counterfeiting, terrorism prevention, and transparency standards to comply with international benchmarks. An investigation on the Vatican bank is currently being conducted due to money laundering concerns.

An executive order or a “Motu Proprio” was signed by Pope Benedict to set up internal laws that guarantees adherence to guidelines and coordinate with foreign agencies by the bank and other units of the Vatican.

This was the Vatican’s most significant move to conform to international requirements of additional transparency in its finances.