ITALY: ‘ VATICAN SIGN ACCORD OVER FINANCIAL TRANSPARENCY ‘

#AceNewsReport – Featured Update:ITALY:April.01: Italy and the Holy See signed an accord on Wednesday to cooperate on fiscal matters, AP reported.

The Vatican is currently working to improve transparency after a string of financial scandals. Italy’s Finance Ministry said “full cooperation” was now possible thanks to reforms begun by the Vatican in 2010.

Italy is the first state the Vatican has signed such a convention with, embracing “the most updated international standard” for exchange of financial information, according to the ministry.

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