Posts Tagged ‘Vatican Financial Information Authority’

Pope Francis overhauls Vatican financial watchdog

Thursday, December 10th, 2020
Vatican financial watchdog

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

Vatican financial control office director, four others suspended

Thursday, October 3rd, 2019

Five Vatican employees, including the number two at the Vatican’s Financial Information Authority (AIF) and a monsignor, have been suspended following a police raid, the Italian magazine L’Espresso reported on Wednesday. The scandal, affecting two departments at the heart of the Vatican, was the first after several years of relative calm in which reforms enacted Read more

Vatican’s 2018 financial report shows improved transparency

Monday, May 27th, 2019

The Vatican’s Financial Information Authority releases its annual report for the 2018 fiscal year, which highlights advances made to increase financial transparency and reduce money-laundering “The path we are walking upon has become a well-paved and well-regulated one.” At a press conference on Tuesday, René Brülhart, President of the Vatican’s Financial Information Authority, or AIF, Read more

Vatican Financial Information Authority reports improvement

Monday, April 30th, 2018

The Vatican Financial Information Authority says suspicious financial activity in the Vatican has decreased for the second year in a row. The Authority says efforts to help the Vatican comply with international norms for fighting money laundering and terrorist financing are paying off. A report which the Authority released last Friday says 150 suspicious financial Read more

Vatican prosecutor: money laundering investigation needed

Monday, December 11th, 2017

The Vatican prosecutor is being urged to investigate all cases of money laundering and terrorist financing. Moneyval, which is the Council of Europe’s monitoring body, also says the prosecutor should be more “proactive” in other financial crimes. These include corruption, embezzlement and abuse of office. Furthermore, Moneyval says the prosecutor should “actively consider appealing sentences Read more

Vatican financial transactions more transparent

Thursday, May 18th, 2017

Suspicious activity “sharply” reduced and Vatican financial transactions became more transparent in 2016, says the Vatican financial watchdog. The Vatican Financial Information Authority (AIF) says over the past year it has entered “growing number of agreements” involving international cooperation and information exchange. These allow information to be shared with other foreign financial intelligence authorities. While Read more