MIXED MARKS: European inspectors reviewing the Vatican's efforts to comply with international norms to fight money laundering and terror financing praised the speedy overhaul of its legal code, but said it is too early to tell how well the new laws are being implemented.

MIXED MARKS: European inspectors reviewing the Vatican's efforts to comply with international norms to fight money laundering and terror financing praised the speedy overhaul of its legal code, but said it is too early to tell how well the new laws are being implemented.

BIGGEST BEEF: The chief complaint by the Council of Europe's Moneyval committee was that the Holy See's financial watchdog agency has yet to inspect the embattled Vatican bank to see how it was enforcing the new laws.

PROGRESS?: The report said 105 suspicious transactions had been flagged to the financial watchdog agency in 2013 as potential cases of money-laundering, up from only a half dozen in 2012. Three cases were forwarded to Vatican prosecutors for investigation.