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November 27, 2019

Pope Francis names new head of Vatican financial agency

The tower of the Institute for the Works of Religion, often referred to as the Vatican bank, is pictured Oct. 2, 2019. The Vatican said in a statement Nov. 27 that the Pope Francis had named Carmelo Barbagallo as the new head of the watchdog Financial Intelligence Authority, known by the Italian acronym AIF.

VATICAN CITY -- Pope Francis appointed a seasoned Italian finance inspector to lead the Vatican's financial watchdog agency following the resignation of its president.

Published in Vatican
April 28, 2016

Vatican finance watchdog notes jump in reports of suspicious activity

The Institute for the Works of Religion, popularly known as the Vatican bank, is located in the Bastion of Nicholas V in the Vatican. Founded in 1942 the bank... The tower is pictured in a 2009 file photo.

VATICAN CITY – The Vatican's financial watchdog agency reported a huge jump in the number of financial transactions flagged as "suspicious" and in the value of assets it has blocked or frozen.
During 2015, the Financial Intelligence Authority "received 544 reports of suspicious activities — almost three times as many as 2014," it said in its annual report, released April 28.

Published in International
June 4, 2014

Pope internationalizes Vatican financial watchdog agency

Cardinal Pietro Parolin

VATICAN CITY - Pope Francis named a slate of new members to the Vatican's financial watchdog agency, replacing an all-Italian panel with members from Italy, Switzerland, Singapore and the United States.

Published in Vatican