Vatican City, Dec 16, 2015 / 12:01 am (CNA/EWTN News).- The Council of Europe's second progress report on the reform of Vatican finances, released Tuesday, found that the Holy See has addressed many of the deficiencies in its financial system, while continuing to urge that it ramp up money laundering prosecutions.

The Dec. 15 report was released by Moneyval, the Council of Europe’s anti-money laundering committee.