VATICAN CITY MEMBERSHIP OF EGMONT GROUP OF FIU SUSPENDED

On 19th November, KYC 360 reported that the Egmont Group more than 160 national FIU, has decided to suspend the Vatican watchdog from access to its secure web system, through which members share information about money laundering, financing of terrorism, tax fraud and other financial crimes, according to people familiar with the matter.  This latest setback comes as Moneyval is scheduled to conduct an on-site AML/CFT evaluation of the Vatican next year.

https://www.riskscreen.com/kyc360/news/vatican-loses-access-to-international-financial-watchdog-information/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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