Posts Tagged ‘Vatican financial watchdog’

Vatican financial watchdog gives high marks in 2020 report

Monday, July 19th, 2021
Vatican financial watchdog report

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
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

Unexpected: Vatican replaces financial watchdog head

Thursday, November 21st, 2019

Amid a brewing financial scandal over the Holy See’s investments in London real estate, Pope Francis, Monday, announced he will replace the Vatican’s top financial watchdog official. Announcing René Brülhart’s replacement, the Vatican said Pope Francis has chosen a new president but does not name him or her. The three-sentence announcement said Francis thanked Brülhart Read more

Vatican financial watchdog finds ‘suspicious transactions’

Friday, May 24th, 2013

The new Vatican financial watchdog set up to prevent money-laundering says it uncovered six “suspicious transactions” last year, one involving the Vatican Bank. Two of those cases were forwarded to Vatican prosecutors for further investigation, and the other four may still warrant more formal probes, the Financial Information Agency said in its first annual report. Read more