Vatican Hires Financial Crime Watchdog

In an effort to comply more fully with international standards against financial criminal activity, the Vatican has hired an outside expert. René Brülhart, a 40-year-old Swiss international lawyer, started working as a consultant to the Vatican in September on “all matters related to anti-money laundering and financing of terrorism.” Brülhart’s role is to assist the Holy See in strengthening its framework to fight financial crimes. A report by European finance experts released in July said the Vatican had passed its first major test toward becoming more financially transparent and compliant with international norms. But the report by Moneyval, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, said there were still critical loopholes that needed tightening and other “important issues” to be addressed.

Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.

Advertisement
Advertisement

Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

 Pope Francis and Peruvian President Pedro Pablo Kuczynski stand outside the presidential palace in Lima, Peru, Jan.19.(CNS photo//Mariana Bazo, Reuters)
“The degradation of the environment...cannot be separated from the moral degradation of our communities.”
Gerard O’ConnellJanuary 20, 2018
The U.S. bishops had an unusually busy year issuing positive and negative statements about the new president, but some hoped for more decisive action against his policies.
Michael J. O’LoughlinJanuary 19, 2018
Transgender patients “need to know they are welcome and they will not be looked down upon” if they come to Catholic institutions seeking treatment, says Sister Carol Keehan.
Kevin ClarkeJanuary 19, 2018
Francis is the first pope to come to the Amazon region, and he insisted that his first event and major speech of his visit to Peru should be to this place.
Gerard O’ConnellJanuary 19, 2018