Vatican Financial Watchdog Created Amid Bank Probe

VATICAN CITY — The Vatican on Thursday created a financial watchdog agency and issued new laws to fight money laundering and terrorist financing in a major effort to shed its image as a tax haven that for years has been mired in secrecy and scandal.The decrees, which go into effect April 1, were passed as the Vatican's own bank remains implicated in a money-laundering investigation that resulted in 23 million euros ($31 million) being seized and its top two officials placed under investigation.Read More...

Topics:  vatican city   the vatican   april   vatican   created   bank   financial watchdog   million   

 

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