Vatican Heads Into Moneyval Evaluation Amid New Bank Mystery

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The Vatican is heading into a regular review of its efforts to fight money laundering amid a mysterious firing at its bank and ongoing questions about Pope Francis‘ ability to reform the Holy See’s finances.

The Council of Europe’s Moneyval committee is expected to issue a progress report Wednesday on the Vatican’s compliance with international norms to fight money-laundering and terror financing, particularly at its bank.

A week before the Moneyval report, the Vatican abruptly fired the bank’s respected deputy manager, Giulio Mattietti, who had been instrumental in getting the Vatican its initial passing grade with Moneyval in 2012.

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