Click here to advertise on CatholicCulture.org

Vatican reaches banking accord with US

Catholic World News - June 30, 2014

The Vatican’s Financial Information Authority (AIF) has signed an agreement with the US Comptroller of the Currency, providing for cooperation in banking regulations aimed at money-laundering and the financing of terrorism.

Rene Bruelhart, the director of the AIF, hailed the agreement as “a further step” in the drive to bring the Vatican fully into line with international standards for transparency in financial exchanges. “The Holy See is part of the global family of well-regulated jurisdictions and the signing of this agreement reflects that very clearly,” he argued.

The AIF, established in 2010 to supervise Vatican financial affairs, had previously signed cooperative agreements with banking regulators in Italy, France, Spain, Germany, and the United Kingdom.

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 ($4,264 to go):
$35,000.00 $30,735.73
12% 88%
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

Oh, that sort of misconduct [UPDATED] 17 hours ago
Don’t worry about terrorism; worry about workplace violence? 17 hours ago
Doing Great Things for Christ 18 hours ago
Two steps forward, one step back: mixed signals from Vatican on abuse and accountability September 26
The Annulment Question, and Much More September 26

Top Catholic News

Most Important Stories of the Last 30 Days
Cardinals criticize Kasper proposal, escalating debate on remarriage/Communion CWN - September 18
Cardinal Parolin: UN must protect innocents from Islamic State CWN - 6 hours ago