Vatican City, Jun 17, 2020 / 05:00 am
Members of the Vatican's financial watchdog authority met this week to update offices on regulations to fight money laundering and the financing of terrorist organizations.
The June 15-16 seminar was held by the new leadership of the Financial Information Authority (AIF), including president Carmelo Barbagallo and vice director Federico Antellini Russo.
"The Vatican regulations are in line with the regulations of the rest of the world," Barbagallo told Vatican News. "They have also recently been renewed, in particular the law on procurement is at the forefront."
Barbagallo referred to a law promulgated by Pope Francis June 1 on the awarding of public contracts. The new norms are intended to prevent corruption, including nepotism, money laundering and other crimes in Vatican City State and Holy See financial transactions.