New head of Vatican's Financial Information Authority

(Vatican Radio) Pope Francis has named a new president of the Vatican’s Financial Information Authority (IAF) and has accepted the resignation of its former head, 76 year old Cardinal Attilio Nicora. The new president is 66 year old Bishop Giorgio Corbellini, titular bishop of Abula in Spain, who will keep his other positions as head of the Holy See’s Labour Office and head of Disciplinary Commission of the Roman Curia.

The Financial Information Authority was established by Pope Benedict in 2010 to prevent money-laundering and it became operational in April 2011. The following year, in May 2013, AIF director, Dr Rene Brulhart issued its first report, noting the progress made by the Holy See towards becoming a “credible partner in the international fight against money laundering”.