Vatican Financial Intelligence Authority joins global network of Financial Intelligence Units

2013-07-04 Vatican Radio

(Vatican Radio) The Press Office of the Holy See has issued a statement regarding the Vatican’s Financial Intelligence Authority (AIF)’s admittance to the global network of Financial Intelligence Units. We reprint the statement below:

The Egmont Group, a network of Financial Intelligence Units (FIUs) has admitted the Financial Intelligence Authority of the Holy See/Vatican City State (AIF) as a full member at its 21st Group Plenary in Sun City, South Africa.

Membership of the Egmont Group grants access to a global network of FIUs and facilitates the exchange of information in the fight against financial crime. For the Holy See/Vatican City State, this marks a further step in its contribution to this global effort.

“The admission of AIF to the Egmont Group represents a recognition of the Holy See/Vatican City State’s systematic efforts in tracking and fighting money laundering and financing of terrorism", said René Brülhart, Director of AIF. "Our admission to this global network will further improve our ability to contribute to the fight against financial crime.”

The Egmont Group was founded in 1995 and currently consists of more than 130 national FIUs. It provides a forum for FIUs around the world to exchange information and coordinate the fight against money laundering and the financing of terrorism.