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Vatican hires Swiss anti-money-laundering expert to boost efforts to fight financial crimes
The announcement Tuesday came two months after the Holy See passed a key European financial transparency test, but received failing grades for its financial watchdog agency and its bank, long the source of some of the Vatican’s more storied scandals.
The Vatican said attorney Rene Bruelhart, 40, would help strengthen the Vatican’s regulatory framework as it moves to implement the recommendations from the Council of Europe’s Moneyval committee, which evaluated the Holy See’s financial trustworthiness.
For eight years Bruelhart was head of Liechtenstein’s financial intelligence unit — the national agency that analyzes information about suspect financial transactions. In 2010, he was also named head of the Egmont Group, the informal group of about 130 countries’ financial units aimed at sharing information.
In his new role, Bruelhart will have to tackle some of the serious problems singled out by the Moneyval inspectors concerning the Vatican bank and its financial oversight agency, created amid much fanfare in 2010 to try to respond for international demands for greater transparency. [more]