Vatican financial crime charges are due to lack of experience
daviddalpe, 09 June 2021
Rome – European evaluators said Wednesday the false belief that Vatican financial crime investigation and prosecution efforts not only suffer from understaffed and inexperienced, but also that their cardinals and bishops are unaffected by criminal activity. Warned that he was suffering from.
The Council of Europe’s Monetary Commission has issued a long report on the adherence to the Holy See to international norms for fighting money laundering and terrorist financing. Overall, the evaluator is good for the Holy See, recognizing that it complies with most standards, has taken steps to improve the law, and has achieved an effective level of international cooperation. Gave a rating.
But evaluators complained that Vatican prosecutors have tried only a handful of money laundering cases in the last decade. They show that the long time leading up to both prosecution and conviction is only a “modest” function of the judicial system, and the decisions handed down so far are very “minimal.” He warned that it would not be a deterrent.
