The Monetary Agreement between the European Union and the Vatican City State (2010/C 28/05) was published in the Official Journal on 4 February 2010. Article 8 of the Agreement reads as follows: ‘1. The Vatican City State shall undertake to adopt all appropriate measures, through direct transpositions or possibly equivalent actions, with a view to implementing the EU legal acts and rules listed in the annex to this Agreement, in the field of: … (b) prevention of money laundering, prevention of fraud and counterfeiting of cash and non-cash means of payment, medals and tokens and statistical reporting requirements. If and when a banking sector is created in the Vatican City State, the list of legal acts and rules in the annex shall be extended with a view to including EU banking and financial law and relevant ECB legal acts and rules, in particular on statistical reporting requirements’.
The Agreement entered into force on 1 January 2010 (Article 13).
1. What measures currently in force have been adopted by the Vatican City State, and where applicable by the Holy See, to prevent money laundering, fraud, and counterfeiting of cash and non-cash means of payment or to comply with statistical reporting requirements?
2. Will the measures which the Vatican City State has undertaken to adopt likewise be adopted by the Holy See?
3. Given that the Agreement supports the conclusion that there is no banking sector in the Vatican City State, can the same inference be drawn as regards the Holy See?
4. How would the Commission describe the activities of the IOR (Institute for Works of Religion)?