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Anti-money laundering, 89 reports of suspicious activity from the Holy See

2021-07-15T14:18:45.022Z


A complex year, 2020, not only for the pandemic but also for some news that have affected ASIF, the Vatican Financial Supervisory and Information Authority. (HANDLE)


   A complex year, 2020, not only for the pandemic but also for some news that have affected ASIF, the Vatican Financial Supervisory and Information Authority.

Among the data emerge the 89 reports of suspicious activities (85 from the IOR), in line with the trend of recent years.

No preventive seizure.

International cooperation with other authorities is growing and the authority led by Carmelo Barbagallo underlines the substantial steps forward made in the direction of transparency, also certified by Moneyval.


    And while we await the opening of the process on the management of the funds of the Secretariat of State (the first hearing of the Vatican court is scheduled for July 27), the Council for the Economy has also met in recent days. "The object of the meeting is the approval of the final balance sheet for 2020 of the Holy See, presented to the extent of their respective competence by the Prefect of the SPE, and the reflection - informs the Vatican - on the investment policy of the Holy See".


    Returning instead to the Asif Report, "in 2020 the growing trend in the proportion between reports sent to the Office of the Promoter of Justice and reports received was confirmed, demonstrating the constant improvement in the quality of the reports. In particular, they were received by Asif 89 reports of suspicious activity and 16 reports were sent to the UGG ", informs the Vatican.


    With regard to Supervision, in 2020 - reads the Report of the Supervisory and Financial Intelligence Authority - "in the prudential area, a general inspection was carried out at the IOR". Training and support activities were then carried out for all the entities of the Holy See / Vatican City State, also with the "launch of self-assessment processes" of the entities themselves. Last year 49 requests for information were exchanged with other Vatican authorities, concerning 124 subjects.


    Asif also considers the activity carried out internationally to be "significant": two new memoranda of understanding have been signed andanti-money laundering authorities exchanged 58 requests for information with foreign FIUs on 196 subjects and sent 19 spontaneous communications concerning 104 subjects.


    The transit of cash to and from the Vatican continues: in 2020 over 14 million euros, even if the trend is decreasing. There were 131 incoming declarations, for a total of 5,756,556.67 euros, and 458 outgoing declarations, for a total of 8,406,477.32 euros. "The number and amount of cross-border declarations confirm the trend already observed in previous years of a progressive decrease in the use of cash. The trend - explains the Anti-Money Laundering Authority - is also due to the availability of other funds transfer systems carried out by Ior (including the Sepa circuit, which became available in 2019), thus guaranteeing a better standard of safety and traceability ". (HANDLE).


Source: ansa

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