Vatican and Italy signed agreement against money laundering
"The Holy See and the Vatican City State take international responsibilities concerning Anti- Money Laundering and the Financing of Terrorism very seriously, and Italy is an especially important partner for us," said Rene Brulhart, the director of the Vatican Financial Information Authority.
The memorandum of understanding between the Vatican and Italy is based on a model prepared by the Egmont Group, the global organization of national Financial Intelligence Units that the Holy See joined earlier this month. The agreement establishes guidelines for "reciprocity, permitted uses of information and confidentiality," according to a Vatican statement.
The memorandum was signed by Cardinal Attilio Nicora, president of the Vatican Information Authority, and Claudio Clemente, director of the Unita di Informazione Finanziaria (Financial Information Unit) of the Bank of Italy.
The Vatican has already signed agreements with Belgium, the Netherlands, Spain, Slovenia and the United States and is currently pursuing agreements with more than 20 other countries. ■