VATICAN CITY
Vatican Information Service
Vatican City, 30 June 2014 (VIS) – The Autorità Informazione Finanziaria (AIF), the Financial Intelligence Authority of the Holy See and Vatican City State, has signed an agreement to exchange information with the US Office of the Comptroller of the Currency (OCC).
This Information Sharing Exchange of Letters is the first bilateral agreement of AIF in its role as Financial Supervisor and Regulator within the Holy See and Vatican City State. It represents a significant strengthening of international cooperation between the Holy See and the United States of America.
“This is a further step in Holy See’s efforts towards perfecting a system of financial regulation and part of our commitment to transparency and international cooperation,” said Rene Bruelhart, the Director of AIF. “The Holy See is part of the global family of well-regulated jurisdictions and the signing of this agreement reflects that very clearly.”
The agreement with the OCC follows the passing of the new law regarding financial activities in the Holy See, Law XVIII, in October 2013 and the enactment of AIF’s new statute in November 2013, which introduced a new supervisory function as part of AIF’s mandate.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.