This means the next report will not just cover the so-called “Core Recommendations” but all areas in the “Key Recommendations” section.
Moneyval previous assessment of the Holy See’s financial efforts last July was positive with the Vatican fulfilling nine out of Moneyval’s 16 “key and core recommendations” which aim to bring the Holy See’s financial system into line with international standards.
The Vatican’s decision to undergo a wider-reaching assessment was taken at the end of last year and can therefore not be attributed to the new Pope.
The decision shows the Holy See is working to complete various reforms and legislative adjustments that extend beyond finances.
In some cases the assessment will encompass laws on cases that will be impossible to verify – for example, illicit actions which took place in oil plants, on planes belonging to the national airline or on ships, given that the Holy See does not possess any plants or air or marine companies.
The adjustments to be made are all requirements of international law.