Vatican and Germany sign cooperation document in fight against money laundering Financial Intelligence Unit of the Holy See (AIF) on Wednesday, December 4, signed a Memorandum of Understanding with its German counterpart, the “Zentralstelle für Verdachtsmeldungen at the Bundeskriminalamt” (BKA).

The Memorandum was signed in the Vatican by Cardinal Attilio Nicora, President of AIF, and by Dr. Michael Dewald, director of Zentralstelle für Verdachtsmeldungen at the Bundeskriminalamt (BKA).

A Vatican Comuniquè explains that a Memorandum of Understanding (MOU) is standard practice and formalizes the cooperation and exchange of financial information to fight money laundering and terrorist financing across borders between the competent authorities of both countries.

It is based on the model Memorandum of Understanding prepared by the Egmont Group, the global organization of national Financial Intelligence Units, and contains clauses on reciprocity, permitted uses of information and confidentiality.

“This Memorandum is strengthening AIF’s international reach and further integrates the Holy See and the Vatican City State with a coordinated global effort to fight Money Laundering and the Financing of Terrorism,” said AIF Director René Bruelhart. “Today’s signing underlines our fruitful relationship and will further facilitate our joint efforts.”

AIF became member of the Egmont Group earlier in July this year and signed in the last months MOUs with the Financial Intelligence Units of the United States, Belgium, Italy, Spain, Slovenia and the Netherlands. More are expected to be signed in the course of the coming months.

AIF is the competent authority of the Holy See/Vatican City State to fight money laundering and financing of terrorism. It was established in 2010.


About The Voice Of Bombay's Catholic Laity

Bombay Laity Ezekiel’s Chapter 3 Task as Watchman 17 “Son of man, I have made you a watchman for the people of Israel; so hear the word I speak and give them warning from me. 18 When I say to a wicked person, ‘You will surely die,’ and you do not warn them or speak out to dissuade them from their evil ways in order to save their life, that wicked person will die for[b] their sin, and I will hold you accountable for their blood. 19 But if you do warn the wicked person and they do not turn from their wickedness or from their evil ways, they will die for their sin; but you will have saved yourself.
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One Response to Vatican and Germany sign cooperation document in fight against money laundering

  1. Ha Ha, this is it is a fact that there is money laundering going around. How about looking at India for a change. its a appeal to the holy see to please take this up.

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