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Catholic World News

New director of Vatican’s Financial Information Authority

January 21, 2015

Pope Francis has named Tommaso Di Ruzza as the new director of the Financial Information Authority, a Vatican body created in 2010 to combat illegal financial activities. Until his appointment, Di Ruzza was the Authority’s interim vice director.

The previous director was René Brülhart, who is now the Authority’s president. The president chairs the Financial Information Authority’s board and serves as the Authority’s legal representative, while the director runs the Authority on a day-to-day basis.

In November 2013, Pope Francis assigned the authority three functions: “prudential supervision and regulation of those entities that carry out professionally a financial activity; supervision and regulation for the prevention and countering of money laundering and financing of terrorism; [and] financial intelligence.”

Cardinal Attilio Nicora, 77, resigned as president of the Financial Information Authority in January 2014. In June, Pope Francis replaced the Authority's board.

 
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