René Bruelhart is the new director of the Authority for Financial Information (AIF). It is a significant appointment –it shows that the Holy See is moving towards full adherence to international transparency standards. MONEYVAL’s Plenary Assembly – the body of the Council of Europe that evaluates if its member states are meeting [...]
Vatican Financial Transparency. The path to the milestone Moneyval report
In order to understand the path the Holy See began and is staying on to achieve full -international financial transparency, one should look beyond the seven negative ratings (out of 16 core and key recommendations to combat money laundering) and beyond the 23 negative ratings on the general recommendations (out of 45, [...]
Benedict XVI had been defined «the last of Benedictins». As Saint Benedict, who in 529 founds the monastery of Montecassino and from there – with the ora et labora, the collections and copy of texts, founds a new civilizations, so Benedict XVI goes over the scandals and the human problems of the [...]
Financial transparency and Holy See. Chronicles of an anniversary
One year ago – it was the 30th of December 2010 – the publication of the Benedict XVI’s Motu Proprio for the prevention and countering of illegal activities in the area of monetary and financial dealings was considered one of the most important news. The Motu Proprio extended to the Holy See the [...]
The Holy See toward financial transparency. With some contraindication.
Within the next 4th of September, the Vatican Authority for Financial Information will be finishing a report to deliver to the GAFI – the International Financial Action Group against money laundering – and to the financial organisms of European Union. It will be one of the steps toward the enrollment of the Holy See [...]
Ior. A backward scenario.
Porta San’t Anna, Vatican City. It’s the 1st of April and a non-Catholic patriatch is crossing the border between the Italian and the vatican States. He is known there, and familiar with the environment. He is carrying a suitcase. Just after passing the Vatican Gendarmerie, he turns left towards the Torrione Niccolò V, the [...]