VATICAN CITY
Catholic Culture
The Vatican’s Financial Information Authority (FIA) has signed a working agreement with its Austrian and Cypriot counterparts, establishing formal procedures for cooperation in efforts to fight money-laundering and the financing of terrorist organizations.
The agreements with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and Cyprus’s Unit for Combating Money Laundering (MOKAS), cover issues of exchanging information, preserving confidentiality, and reciprocity. It is based on a model agreement drafted by the Egmont Group, an international body for national financial authorities.
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