The Apostolic Letter issued motu proprio by His Holiness, Pope Francis, dated November 15 of this year is being released to the public today. This pontifical document, by means of which the Holy Father approves the Statutes of the Financial Intelligence Authority (FIA) will enter into effect on November 21.
With his motu proprio dated August 8, 2013, and with the law N. XVIII dated October 8, 2013 concerning norms on transparency, supervision and financial intelligence, Pope Francis has already strengthened the institutional framework of the Holy See and the Vatican City State in order to prevent and contrast potential illicit activities in the financial sector and has accorded to the FIA, in addition to the functions that it already possessed in virtue of the motu proprio of Benedict XVI, dated December 30, 2010, the function of prudent supervision of those entities which carry out professional financial activities. The present Statutes adapt the FIA's internal structure to the functions it is now called to perform.
In particular, the Statutes distinguish the role and functions of the President, the Board of Directors and the Directorate, so as to ensure that the FIA may fulfill even more adequately its institutional functions in full autonomy and independence and in a manner consistent with the institutional and legal framework of the Holy See and the Vatican City State. In addition, the new Statutes establish a specific office for prudent supervision, providing it with the necessary professional resources.
By means of the motu proprio entitled The Apostolic See dated 30 December 2010 on the prevention and countering of illegal activities in the area of monetary and financial dealings, my predecessor Benedict XVI established the Financial Intelligence Authority (FIA) and approved its first statutes.
Subsequently, with a view to strengthening further the measures already taken to prevent and counter potential illicit activities in the monetary and financial sectors, as well as countering the financing of terrorism and the proliferation of weapons of mass destruction, by means of the motu proprio entitled The Promotion dated August 8, 2013, I accorded new functions to the Financial Intelligence Authority.
Bearing in mind also the advice of the Commission for Reference on the Institute for the Works of Religion, which I established by means of the Chirograph dated 24 June 2013, I have deemed it appropriate to reform the internal structure of the Authority so that it may fulfill even more adequately its institutional functions and therefore, with this Apostolic Letter, I approve the Statutes of the Financial Intelligence Authority hereby attached, which replace the previous ones.
I dispose that everything established in this Apostolic Letter issued motu proprio has full and permanent value, notwithstanding anything to the contrary, although it may merit special mention, and I decree that it be promulgated by its publication in l'Osservatore Romano, entering into effect on 21 November 2013.
Given in Rome, at Saint Peter's, on 15 November of the year 2013, first of the Pontificate.
With his motu proprio dated August 8, 2013, and with the law N. XVIII dated October 8, 2013 concerning norms on transparency, supervision and financial intelligence, Pope Francis has already strengthened the institutional framework of the Holy See and the Vatican City State in order to prevent and contrast potential illicit activities in the financial sector and has accorded to the FIA, in addition to the functions that it already possessed in virtue of the motu proprio of Benedict XVI, dated December 30, 2010, the function of prudent supervision of those entities which carry out professional financial activities. The present Statutes adapt the FIA's internal structure to the functions it is now called to perform.
In particular, the Statutes distinguish the role and functions of the President, the Board of Directors and the Directorate, so as to ensure that the FIA may fulfill even more adequately its institutional functions in full autonomy and independence and in a manner consistent with the institutional and legal framework of the Holy See and the Vatican City State. In addition, the new Statutes establish a specific office for prudent supervision, providing it with the necessary professional resources.
Apostolic Letter
issued motu proprio
of the Supreme Pontiff
Francis
Approving the new
Statutes of the Financial Intelligence Authority
By means of the motu proprio entitled The Apostolic See dated 30 December 2010 on the prevention and countering of illegal activities in the area of monetary and financial dealings, my predecessor Benedict XVI established the Financial Intelligence Authority (FIA) and approved its first statutes.
Subsequently, with a view to strengthening further the measures already taken to prevent and counter potential illicit activities in the monetary and financial sectors, as well as countering the financing of terrorism and the proliferation of weapons of mass destruction, by means of the motu proprio entitled The Promotion dated August 8, 2013, I accorded new functions to the Financial Intelligence Authority.
Bearing in mind also the advice of the Commission for Reference on the Institute for the Works of Religion, which I established by means of the Chirograph dated 24 June 2013, I have deemed it appropriate to reform the internal structure of the Authority so that it may fulfill even more adequately its institutional functions and therefore, with this Apostolic Letter, I approve the Statutes of the Financial Intelligence Authority hereby attached, which replace the previous ones.
I dispose that everything established in this Apostolic Letter issued motu proprio has full and permanent value, notwithstanding anything to the contrary, although it may merit special mention, and I decree that it be promulgated by its publication in l'Osservatore Romano, entering into effect on 21 November 2013.
Given in Rome, at Saint Peter's, on 15 November of the year 2013, first of the Pontificate.
Francis, Pope
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