Click here to advertise on CatholicCulture.org

Vatican, Italy sign accord on financial transfers

Catholic World News - July 29, 2013

The Vatican has signed a cooperative agreement with Italian banking authorities, governing the exchange of information to combat money-laundering.

The exchange, signed by the Vatican’s Financial Information Authority and the Bank of Italy, mirrors similar agreements that the Vatican has reached with other nations. The accord with Italy is particularly important, however, because of the volume of financial transactions between the Vatican and Italian banks, and because Italian banking officials have in the past been harshly critical of Vatican financial controls.

The Vatican has been working steadily to ensure transparency in financial transactions and to restore confidence among international bankers. “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 René Bruelhart, the head of the Financial Information Authority.

Additional sources for this story
Some links will take you to other sites, in a new window.

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!

Progress toward our September expenses ($14,463 to go):
$35,000.00 $20,536.73
41% 59%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Our Spiritual Destiny and the Horror of War September 19
The Islamic roots of terrorism must be addressed September 19
Each of us is destined to marry Jesus Christ September 18
From simple husband to ascetical priest September 18
St. Augustine's warning to pastors September 18

Top Catholic News

Most Important Stories of the Last 30 Days
Cardinals criticize Kasper proposal, escalating debate on remarriage/Communion CWN - September 18