Loading
Vatican, US sign anti-money-laundering memo
By David Uebbing

.- The Vatican continued its efforts to update its financial standards by signing an agreement with the United States to allow the two countries to exchange information to prevent money laundering and terrorism funding.

“This is a clear indication that the Holy See and the Vatican City State take international responsibilities to combat money laundering and the financing of terrorism very seriously and that we are cooperating at the highest levels," said René Brülhart, director of the Vatican Financial Information Authority.

The Memorandum of Understanding was agreed upon with the American Financial Crimes Enforcement Network, which came into being after the Sept. 11, 2001 terrorist attacks.

The agreement allows the two states to exchange information that will help them prevent criminal financial activity from taking place and was signed in Washington, D.C. on May 7.

The financial developments take place against the backdrop of the Vatican working to show it is making every effort to bring its financial standards up to speed.

Brülhart said that the arrangement with the U.S. demonstrates that the Vatican “is a credible partner internationally and has made a clear commitment in the exchange of information in this fight.”

The Vatican has already inked deals with Belgium, Spain and Slovenia, but the U.S. agreement is clearly the most important one to date.

The Financial Information Authority is currently pursuing agreements with more than 20 other countries and it expects to finalize several of those this year.

Tags: Vatican Finances, Vatican


Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)

Featured Videos

3D Church mapping
3D Church mapping
#PAUSEforPeace Initiative
Dedicating art to San Juan de la Cruz
A state without territory elects new government
The renewal of the Legionaries of Christ
Presentation of the book "The Pastor"
Synod on the Family October 2014
Preferential option for the poor
God is alive, even in sport
'A forbidden God' named Best Film at the International Catholic Film Festival
Vatican backs a 'Pause for Peace' during World Cup final
The effects of religious violence in Sarajevo 
The origin of Corpus Christi 
Corpus Christi at the Vatican 
Homage to an Indian Cardinal
Train of the Child's Light
New book explaining gestures of the Mass
Encounter between Pope Francis and the Charismatic Renewal in the Spirit Movement.
Religious tensions subside amid Balkan floods
John Paul II Center for Studies on Marriage and Family
Jul
30

Liturgical Calendar

July 30, 2014

Wednesday of the Seventeenth Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 13:44-46

Gospel
Date
07/30/14
07/29/14
07/28/14

Daily Readings


First Reading:: Jer 15: 10, 16-21
Gospel:: Mt 13: 44-46

Saint of the Day

St. Peter Chrysologus »

Saint
Date
07/29/14

Homily of the Day

Mt 13:44-46

Homily
Date
07/30/14
07/29/14
07/28/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: