Holy See, US Sign Memorandum of Understanding on Vatican Finances

The agreement comes after evidence of money laundering in the Vatican

08.05.2013 // PRINT
The Financial Intelligence Authority of the Holy See and Vatican City State signed a Memorandum of Understanding with its U.S. counterpart at the U.S. Department of Treasury, the Financial Crimes Enforcement Network, on Tuesday in the US Capital.

The Vatican released the following statement on the agreement:
The Financial Intelligence Authority of the Holy See and Vatican City State (Autorità di Informazione Finanziaria - AIF), signed a Memorandum of Understanding [Tuesday] in Washington, D.C., with the Financial Crimes Enforcement Network (FinCEN), its U.S. counterpart at the U.S. Department of Treasury, to strengthen its efforts to fight money laundering and terrorism financing globally.

The Memorandum was signed by René Brülhart, Director of AIF, and Jennifer Shasky Calvery, director of FinCEN, and will foster bi-lateral cooperation in the exchange of financial information.«This is a clear indication the Holy See and the Vatican City State take international responsibilities to combat money laundering and the financing of terrorism very seriously, and that we are cooperating at the highest levels», said Brülhart. «The Vatican has shown that it is a credible partner internationally and has made a clear commitment in the exchange of information in this fight».

AIF was established in 2010 and became operational in April 2011. It is the competent authority of the Holy See and Vatican City State for financial intelligence and for supervision and regulation in the prevention and countering of money laundering and financing of terrorism.Rome, 7.V.13

Background Notes: AIF is currently in discussions with various Financial Intelligence Units (FIUs) of other countries and jurisdictions, including European countries, about entering into Memorandums of Understanding (MoUs) to strengthen bilateral cooperation to fight Money Laundering and Terrorism Financing.Until now AIF has already signed MoUs with the FIUs of Belgium, Spain, Slovenia, and now of the U.S., which plays a leading role in combating money laundering. AIF is currently in discussions with more than 20 other FIUs, and expects several MoUs to be signed in the course of the year.


Sacredspace.ie is an evangelisation initiative of the Irish Jesuits which is now attracting over 17,000 daily users to its online prayer site. The website www.sacredspace.ie continues to grow and is currently translated into 14 different languages each day.

DeoDuce Ministry

THE DEODUCE APOSTOLIC MINISTRY – Formation in the Catholic Faith & Apologetics – Devoted to the Pope and Compliant to The Magisterium – Classes, Tools, Downloads, News, Internet Radio & Television re-transmission, International Conferences (English, Spanish, French, Portuguese, Italian and Latin), Videoconferences, Documents of the Church, Radio Broadcasting Programs, Publications, Resources for the Clergy & Ministries, Online Consultancy Service, Links, Tridentine Mass Resources, Video Clips and other – Address: The Sacred Heart Church, Lime Kiln Road, Gibraltar – Tel: +350 2007 3709 and +350 6067 9950 – www.deoduce.org - info@deoduce.org


This Centre has been an audio-visual centre of the Hong Kong Catholic Diocese since 1977 . We produce religion, cultural, moral education programs in diversified audio-visual products, including DVD, CD , Books and Multimedia products, etc. Circulation r

Catholic Voices

Partners: 1577
Become a Partner