Financial Information Authority (Vatican City)
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The Financial Information Authority (Italian: Autorità di Informazione Finanziaria, AIF) is an institution connected to the Holy See and a canonical and Vatican civil juridic person established by Pope Benedict XVI on 30 December 2010. Its current president is Bishop Giorgio Corbellini.
The agency, by mandate of an Apostolic Letter, is charged with monitoring the monetary and commercial activities of Vatican agencies, such as the Governorate of Vatican City State, the Vatican Bank, the Administration of the Patrimony of the Apostolic See, the Congregation for the Evangelization of Peoples, and smaller agencies such as the Vatican Pharmacy, the Vatican Supermarket, and the Vatican Museums.
The director of the Authority is René Brülhart, a Swiss national, who served as Vice-Chair of the Egmont group from 2010 to 2012 and headed Liechtenstein's financial intelligence unit from 2004 to 2012. His predecessor, Francesco De Pasquale, who served in this role from 2011 to 2012, has been nominated to serve on the board of the AIF.
Although the authority can not be described to function as a normal central bank for the Vatican City, partly due to the fact that Vatican City does not have its own sovereign currency but adopted the euro through a monetary agreement with the EU, it still shares at least two of the tasks normally carried out by a central bank, namely the supervision of financial transactions to prevent money laundering and supervision of circulation of money in the state.
- Apostolic Letter in the Form of a "Motu Proprio" of Benedict XVI for the Prevention and Countering of Illegal Activities in the Area of Monetary and Financial Dealings, (b)
- Apostolic Letter in the Form of a "Motu Proprio" of Benedict XVI for the Prevention and Countering of Illegal Activities in the Area of Monetary and Financial Dealings, "given" clause
- "Financial Information Authority Appoints New Director and Executive". Vatican Information Service. 7 November 2012. Retrieved 16 January 2013.
- "Pope creates a Vatican Central Bank to achieve full transparency". Rome Reports. 29 December 2010. Retrieved 26 January 2013.
- "Pope requires full transparency of transactions in the Vatican". Rome Reports. 30 December 2010. Retrieved 26 January 2013.
- "Vatican Financial Intelligence Authority Admitted to Global Network of Financial Intelligence Units". Zenit News Agency. 3 July 2013. Retrieved 4 July 2013.
- Allen Jr., John L. (January 30, 2014). "Francis taps reformer for financial cleanup". National Catholic Reporter. Retrieved January 31, 2014.