The moves comes as Moneyval, the Council of Europe body tasked with counteracting money laundering, prepares to rule at the beginning of July on whether the Vatican meets international standards on financial transactions.

BBC: Vatican Bank chief Tedeschi dismissed

The Vatican is also still undergoing evaluation by Moneyval, a committee of financial experts backed by the 47-nation Council of Europe, as part of its bid to persuade foreign lenders and their regulators that Vatican financial institutions are transparent.

WSJ: Vatican Signs Anti-Money-Laundering Deal With U.S.