Two appointments to Vatican financial authority
Catholic World News - November 07, 2012
The Vatican has announced the appointment of two officials to the Financial Information Authority (IAF), the new board established last year to oversee Vatican financial affairs and ensure compliance with regulations against money laundering.
Francesco De Pasquale, an Italian banker who has been director of the IAF since June 2011, was named to the board of the institution, joining a 5-man group chaired by Cardinal Attilio Nicora.
De Pasquale will be replaced as director of the IAF by Rene Bruelhart, the Swiss expert who was hired in September as a consultant to the Vatican on banking security and safeguards against money laundering.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!