The Vatican: More Opaque Than Transparent

The Vatican has scraped through an independent international test of its financial transparency.

The Council of Europe said it was either "non-compliant" or "partially compliant" in 23 out of a total of 45 areas. But its report showed the Vatican had received "compliant" or "largely compliant" grades on nine of the 16 "key and core" recommendations for combatting money-laundering and terrorist financing.

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