VATICAN CITY/GERMANY
Vatican Radio
(Vatican Radio) The Financial Intelligence Unit of the Holy See (AIF) on Wednesday, December 4, signed a Memorandum of Understanding with its German counterpart, the “Zentralstelle für Verdachtsmeldungen at the Bundeskriminalamt” (BKA).
The Memorandum was signed in the Vatican by Cardinal Attilio Nicora, President of AIF, and by Dr. Michael Dewald, director of Zentralstelle für Verdachtsmeldungen at the Bundeskriminalamt (BKA).
A Vatican Comuniquè explains that a Memorandum of Understanding (MOU) 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 organization of national Financial Intelligence Units, and contains clauses on reciprocity, permitted uses of information and confidentiality.
“This Memorandum is strengthening AIF’s international reach and further integrates the Holy See and the Vatican City State with a coordinated global effort to fight Money Laundering and the Financing of Terrorism,” said AIF Director René Bruelhart. “Today’s signing underlines our fruitful relationship and will further facilitate our joint efforts.”
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