VATICAN ACCEPTS GLOBAL RULES OVER MONEY LAUNDERING – ESTABLISHES FIU
March 1st, 2011
BY KEITH NUTHALL
THE IDEA that money laundering is perhaps the most pervasive crime within the modern world, where technology helps the dishonest conceal their ill-gotten gains, was recognised at the highest spiritual level this past December 30. A legal order named a 'motu proprio' (which means 'of his own accord') in Latin, was issued through an apostolic letter by Pope Benedict XVI, creating an 'Autorità di Informazione Finanziaria (AIF)' to examine the financial affairs of the Vatican City State and the Holy See, which effectively runs the Roman Catholic ...
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