Vatican signs MOU with Australian and Cypriot Financial Intelligence Units
Vatican City, 22 February 2014: The Autorità di Informazione Finanziaria (AIF), the
Financial Intelligence Unit of the Holy See and Vatican City State, signed on Friday,
Feb. 21, a Memorandum of Understanding with its Australian counterpart, the Australian
Transaction Reports and Analysis Centre (AUSTRAC). Early this week, a Memorandum of
Understanding was signed with the Financial Intelligence Unit of Cyprus, the Unit
for Combating Money Laundering (MOKAS). The Memoranda were signed by Rene Bruelhart,
Director of AIF.
A Memorandum of Understanding 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.
“These
Memoranda are strengthening AIF’s international reach and are a strong commitment
of the Holy See and the Vatican City State to fight Money Laundering and the Financing
of Terrorism pro-actively on a global level,” said AIF Director Rene Bruelhart. “Today’s
signing underlines our fruitful relationship with our international counterparts and
will further facilitate our joint efforts.”
AIF became a member of the Egmont
Group in July 2013. It has signed MOUs and cooperates with the Financial Intelligence
Units of the United States, Belgium, Italy, Spain, Slovenia, the Netherlands and Germany.
More MOUs are expected to be signed in the course of the coming weeks.
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. Source: VR Sedoc