The Holy See's financial supervisor and regulator said it signed an information-sharing agreement with the U.S. regulator overseeing national banks, as the Vatican continues efforts to boost transparency and international cooperation….
"This is a further step in the Holy See's efforts toward perfecting a system of financial regulation," said René Brülhart, the director of the AIF, said in a statement.
"The Holy See is part of a global family of well-regulated jurisdictions and the signing of this agreement reflects that very clearly," added Mr. Brülhart, a Swiss national, who has been in charge of the AIF since November 2012….
The AIF has signed memorandums of understanding on increasing cooperation to fight money-laundering with more than a dozen countries, including Italy, Germany and the U.K.
Two Of God’s Little Helpers Not 100% Sure All Is Kosher At Vatican Bank
Pope Francis is still having problems running his little community bank.