Vatican City, Oct 15, 2013 / 14:33 pm
The Holy See's new anti-money laundering law signals that the Vatican is clearly taking the path to full financial transparency, according to the director of the state's Financial Information Authority.
René Bruelhart told CNA Oct. 9 that "with the new AML/CFT Act the Holy See and the Vatican City State introduced a comprehensive system in accordance with the international standards to fight money-laundering and financing of terrorism."
"It is a further step to strengthen its system to actively combat any potential misuse of financial activities within the Vatican City State."
The act was confirmed as law Oct. 8, but had already come into effect Aug. 8 via a decree of Cardinal Giuseppe Bertello, president of Vatican City's government.