According to its annual report released on Wednesday, the Vatican’s Supervisory and Financial Information Authority (ASIF), established by Pope Benedict XVI in 2010 to combat money laundering and terrorist financing and financial intelligence, continues its “incisive” work. The 2022 annual report traces the activities carried out by the ASIF over the past twelve months, and Read more
Posts Tagged ‘Supervisory and Financial Information Authority’
Vatican financial watchdog gives high marks in 2020 report
Monday, July 19th, 2021
The Supervisory and Financial Information Authority (ASIF), the Vatican financial watchdog, has said fiscal transparency is rising in the city-state in its 2020 report. It also reported the risk of fraud is lower than ever. ASIF said that in 2020 more financial transactions were flagged as suspicious by Vatican offices. Yet, after investigation, it did Read more
Pope Francis overhauls Vatican financial watchdog
Thursday, December 10th, 2020
Pope Francis has revamped the Vatican financial watchdog to establish “supervision aimed at the prevention and countering of money laundering and the financing of terrorism.” Under the pope’s plan, the agency will be split into three parts, the Vatican said on Saturday. They are vigilance, rules and legal affairs, and financial information. The Vatican’s Financial Read more