Pope Francis speaks during the annual feast of the Immaculate Conception at Piazza di Spagna in Rome on December 8, 2017. / AFP / Andreas SOLARO
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European evaluators have praised the Vatican's financial watchdogs for efficiently flagging suspicious transactions but have once again faulted Vatican prosecutors for failing to bring any money laundering cases to trial. The Council of Europe's Moneyval evaluators issued a periodic report Friday on the Vatican's compliance with international norms to fight money laundering and terrorist financing. The report repeated the main complaint made by Moneyval in 2015, that Vatican prosecutors froze assets when they received reports of suspicious transactions, but didn't follow through with prosecutions.The report noted that the Vatican's gendarmes had recently created a financial police unit, and the prosecutors' office had added an assistant with experience prosecuting financial crimes.
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