Vatican City, Jun 13, 2022 / 09:18 am
The Vatican’s financial watchdog authority reported on Monday that it received 104 suspicious activity reports in 2021, an increase from the previous year.
In a 35-page annual report, released on June 13, the Supervisory and Financial Information Authority (ASIF) said that it submitted 21 reports to the Vatican’s Promoter of Justice (prosecutor), the highest number in the past five years.
The watchdog authority is responsible for financial intelligence, as well as combating money laundering and the financing of terrorism. It supervises the Institute for the Works of Religion (the IOR or “Vatican bank”).
In its report, it said: “With regard to financial intelligence activities, in 2021 ASIF’s Financial Intelligence Unit (FIU) received 104 reports of suspicious activity, 98 of which from the obliged entity [IOR], 5 from Vatican authorities, and 1 from a non-profit organization. No reports were received that were directly or indirectly linked to the financing of terrorism.”
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