US recognizes Vatican’s financial regulations on client verification vaticannews.va

The laws of the Vatican City State and the Holy See which have strengthened transparency and financial oversight in recent years continue to gain international recognition, including from the United States.

The Internal Revenue Service (IRS), the US government agency responsible for collecting federal taxes, published its recognition in recent days on its website.

The Vatican is now listed among the jurisdictions which have auditing rules for financial security that conform to the best international standards. The United States has therefore recognized that the Vatican’s know-your-customer rules are equivalent to its own…

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