VATICAN CITY
Asia News
Vatican City ( AsiaNews) – In 2013 there “has seen a significant strengthening of the legal and institutional framework of the Holy See and Vatican City State to effectively combat financial crime, an institutionalization of international collaboration of the competent authority of the Holy See with its foreign counterparts, and a massively improved performance in monitoring potential financial wrongdoing .”
The was stated today by the Director Autorità di Informazione Finanziaria (AIF) of the Holy See , René Brülhart , who presented the Authority’s annual report on the activities and supervision of financial information for the prevention and combating of money laundering and the financing of terrorism (Year II , 2013) . ” The Evaluation conducted by Moneyval, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism of the Council of Europe, in December 2013, and our statistics allow us to say that today we have a proper and equivalent system in place to prevent and fight financial crime. A system that is well in line with international standards”.
As evidence of the “significant strengthening” , the AIF indicates ” a notable uptake in suspicious transaction reports (STR) from 6 in 2012 to 202 in 2013. This increase reflects both the development of the legal framework and a substantial improvement in the operational performance of the supervised entities with regard to the prevention of financial crime. Five reports have been passed on to the Vatican Promoter of Justice for further investigation by judicial authorities “.
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