New Members Appointed to Financial Information Authority

Nominations to Help Fortify Against Money Laundering, Financial Terrorism

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ROME, Nov. 7, 2012 (Zenit.org).- Francesco De Pasquale has been named to the board of directors of the Financial Information Authority (AIF) , and will be succeeded by Rene Bruelhard as director per the nomination of AIF president, Cardinal Nicora.

Francesco de Pasquale came to the Vatican after extensive experience at the Ufficio Italiano Cambi and the Bank of Italy and has been director of the AIF since June of 2011. Other members of the board to which he has been nominated include AIF president Cardinal Nicora, Prof. Condemi, Prof. Dalla Torre, Prof. Bianchi and Dott. Testa.

Cardinal Nicora has named Rene Bruelhard to succeed De Pasquale as director to the AIF. Bruelhart, formerly director of the Financial Intelligence Unit (FIU) of Liechtenstein and vice-president of the Egmont Group – the international network of FIUs – has been an advisor to the Holy See and Vatican City since September in matters relating to anti-money laundering and financing terrorism.

With the promotion of De Pasquale to the Board of Directors and the nomination of Bruelhart to Director, AIG has strengthened its internal organization. This represents one more step in the effort to combat money laundering and the financing of terrorism.