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, [...]
It was with a short, stick to the point, ten lines and three paragraphs press release from the Holy See to clarify its position regarding Ettore Gotti Tedeschi’s case. Gotti Tedeschi had been president of the Board of Superintendence of the I.O.R. (Institute for Religious Works) until May 24th, when he got an [...]
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 [...]
I.O.R., is something going to change?
Vatican State is still not in the “white list” of the virtous states for money laundering legislation. After the Monetary Convention of 17 December 2009 between Vatican City State and the European Union, and the new Vatican legislation for the prevention and countering of illegal activities in the financial and monetary sectors, Holy [...]
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 [...]
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