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Weekly Roundup: MONEYVAL to Monitor Vatican, Mexico to Reward AML Whistleblowers, And More
printLess than a week after the Vatican announced the adoption of anti-money laundering laws, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) placed the Holy See, including the Vatican Bank, under its supervision. The Council of Europe's anti-money laundering and anti-terror finance watchdog said the Holy See agreed to participate in and pay for the mutual evaluation process it conducts. In September, Italian investigators froze $30 million in a bank account controlled by the Vatican Bank over its alleged failure to report the beneficiaries of two transactions destined for a German...
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