New papal document expands powers of Financial Intelligence Authority
November 18, 2013
The Vatican has released a new motu proprio by Pope Francis expanding the powers of the Financial Information Authority (FIA).
Established in 2010 by Pope Benedict, the FIA exercises supervisory authority over the financial transactions of Vatican agencies. The new motu proprio clarify the functions of the office and adapt its powers “in a manner consistent with the institutional and legal framework of the Holy See and the Vatican City State,” the Vatican press office announced.
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