Moneyval’s Report on the Holy See and Vatican City State was published this morning. The Report comes in response to a request, made by the Holy See in February 2011, for its control system and safeguards against criminal activity in the economic and financial sphere, to be evaluated according to the procedures of the organization set up by the Council of Europe for this purpose. The Report recognises that the Holy See “has come a long way in a very short period of time” and is headed in the right direction. The Holy See has “cooperated closely with the evaluators and reacted quickly to remedy a number of deficiencies”. In keeping with its technical nature and purpose, the Report provides detailed indications of areas that still need to be improved upon in order to develop a system of control that is fully efficient. It is important to continue along the road already undertaken with commitment and perseverance. The documentation attached, including the Executive Summary of the Report, may be helpful to further understand the issue which has been widely covered by the international press over the past few months. Observations and comments from experts representing the Holy See are expected following the press briefing scheduled for 11.30am (CET) in the Vatican Press Office. In order to view the documentation, please follow the link below: http://www.radiovaticana.va/docs/moneyval-holysee/...