VATICAN CITY
Vatican Information Service

Vatican City, 29 July 2013 (VIS) – On 26 July the Financial Intelligence Authority (AIF) of the Holy See and Vatican City State signed a Memorandum of Understanding with its Italian counterpart, the Unità di Informazione Finanziaria (UIF) of the Bank of Italy, according to a memorandum published today.

The Memorandum was signed in Rome by Cardinal Attilio Nicora, President of AIF, and Dr. Claudio Clemente, director of UIF.

A Memorandum of Understanding is standard practice and formalizes the cooperation and exchange of financial information to fight money laundering and terrorist financing across borders between the competent authorities of both countries. It is based on the model Memorandum of Understanding prepared by the Egmont Group, the global organisation of national Financial Intelligence Units, and contains clauses on reciprocity, permitted uses of information and confidentiality.

“The Holy See and the Vatican City State take international…