{"id":9517,"date":"2015-01-22T01:06:00","date_gmt":"2015-01-22T01:06:00","guid":{"rendered":"http:\/\/www.catholicnewsagency.com\/news\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency-23433\/"},"modified":"2015-01-22T01:06:00","modified_gmt":"2015-01-22T01:06:00","slug":"financial-appointment-at-vatican-signals-continuity-in-reform-transparency","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/","title":{"rendered":"Financial appointment at Vatican signals continuity in reform, transparency"},"content":{"rendered":"\n<\/head>

<\/p>\n

Vatican City, Jan 21, 2015 \/ 06:06 pm (CNA\/EWTN News<\/a>).- Tommaso Di Ruzza was appointed Wednesday as the new director of the Vatican\u2019s Authority for Financial Information, filling the post left vacant Nov. 19, when the previous director, Ren\u00e9 Bruelhart, was made president of the Authority\u2019s board of directors.<\/p>\n

\tDi Ruzza's appointment indicates continuity in the advancement of financial reforms that have been carried on by the Vatican since 2009 under Benedict XVI.<\/p>\n

\tA respected international juridical expert who studied at the universities of Siena, Rome, and Oxford, Di Ruzza has served as a juridical advisor to the Holy See since 2005.<\/p>\n

\tAfter having served at the Pontifical Council for Justice and Peace, Di Ruzza was entrusted with following the operational, juridical, and international issues of the Authority for Financial Information since its establishment in 2011.<\/p>\n

\tIn this capacity, Di Ruzza had a prominent role in the negotiations with the Council of Europe\u2019s Moneyval committee regarding its 2012 evaluation of the Holy See's financial system.<\/p>\n

\tDi Ruzza also negotiated in 2013 the inclusion of the Authority of Financial Information in the Egmont Group, which gathers the world's financial intelligence units, as well as the several memoranda of understanding the Authority has signed with its counterpart in several countries, the most noteworthy being those with the US, UK, Italy, and Germany.<\/p>\n

\tVatican insiders explained to CNA that Di Ruzza has been one of the main supporters of the Vatican's path toward reform and the consolidation of Holy See and Vatican City State anti- money laundering programs.<\/p>\n

\tDi Ruzza\u2019s appointment concludes the Authority's transition to a new governance.<\/p>\n

\tThe transition began after the new Vatican anti-money laundering law was issued in August 2013, and confirmed in October 2013 \u2013 a law that Di Ruzza had considerably contributed to drafting \u2013 and the consequent November 2013 issuance of the new statutes of the Authority for Financial Information.<\/p>\n

\tThe new statutes also entrusted the Authority for Financial Information with the functions of prudential supervision.<\/p>\n

\tThe first regulation of prudential supervision came into effect Jan. 13, and is published on the Authority\u2019s website<\/a>.<\/p>\n

\tThis prudential supervision is exercised over the Vatican offices that professionally handle financial activities, including the Institute for Religious Works, or 'Vatican bank'.<\/p>\n

\tThe new regulations introduce a legal framework in terms of organization and management of the offices.<\/p>\n

\tA source who works in Vatican finances explained to CNA Jan. 21 that \u201cthe text adheres to international standards, but also fits with the Holy See's peculiar and juridical framework.\u201d<\/p>\n

\tThis means \u2013 the source concluded \u2013 that \u201cthe Holy See is committed to a long term and sustainable path to fulfill international standards for financial transparency.\u201d<\/p>\n

\n<\/a>\n<\/div>\n

\"\"<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

<\/p>\n

Vatican City, Jan 21, 2015 \/ 06:06 pm (CNA\/EWTN News<\/a>).- Tommaso Di Ruzza was appointed Wednesday as the new director of the Vatican’s Authority for Financial Information, filling the post left vacant Nov. 19, when the previous director, René Bruelhart, was made president of the Authority’s board of directors.<\/p>\n

\tDi Ruzza’s appointment indicates continuity in the advancement of financial reforms that have been carried on by the Vatican since 2009 under Benedict XVI.<\/p>\n

\tA respected international juridical expert who studied at the universities of Siena, Rome, and Oxford, Di Ruzza has served as a juridical advisor to the Holy See since 2005.<\/p>\n

\tAfter having served at the Pontifical Council for Justice and Peace, Di Ruzza was entrusted with following the operational, juridical, and international issues of the Authority for Financial Information since its establishment in 2011.<\/p>\n

\tIn this capacity, Di Ruzza had a prominent role in the negotiations with the Council of Europe’s Moneyval committee regarding its 2012 evaluation of the Holy See’s financial system.<\/p>\n

\tDi Ruzza also negotiated in 2013 the inclusion of the Authority of Financial Information in the Egmont Group, which gathers the world’s financial intelligence units, as well as the several memoranda of understanding the Authority has signed with its counterpart in several countries, the most noteworthy being those with the US, UK, Italy, and Germany.<\/p>\n

\tVatican insiders explained to CNA that Di Ruzza has been one of the main supporters of the Vatican’s path toward reform and the consolidation of Holy See and Vatican City State anti- money laundering programs.<\/p>\n

\tDi Ruzza’s appointment concludes the Authority’s transition to a new governance.<\/p>\n

\tThe transition began after the new Vatican anti-money laundering law was issued in August 2013, and confirmed in October 2013 – a law that Di Ruzza had considerably contributed to drafting – and the consequent November 2013 issuance of the new statutes of the Authority for Financial Information.<\/p>\n

\tThe new statutes also entrusted the Authority for Financial Information with the functions of prudential supervision.<\/p>\n

\tThe first regulation of prudential supervision came into effect Jan. 13, and is published on the Authority’s website<\/a>.<\/p>\n

\tThis prudential supervision is exercised over the Vatican offices that professionally handle financial activities, including the Institute for Religious Works, or ‘Vatican bank’.<\/p>\n

\tThe new regulations introduce a legal framework in terms of organization and management of the offices.<\/p>\n

\tA source who works in Vatican finances explained to CNA Jan. 21 that “the text adheres to international standards, but also fits with the Holy See’s peculiar and juridical framework.”<\/p>\n

\tThis means – the source concluded – that “the Holy See is committed to a long term and sustainable path to fulfill international standards for financial transparency.”<\/p>\n

\n<\/a>\n<\/div>\n

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A respected international juridical expert who studied at the universities of Siena, Rome, and Oxford, Di Ruzza has served as a juridical advisor to the Holy See since 2005. After having served at the Pontifical Council for Justice and Peace, Di Ruzza was entrusted with following the operational, juridical, and international issues of the Authority for Financial Information since its establishment in 2011. In this capacity, Di Ruzza had a prominent role in the negotiations with the Council of Europe’s Moneyval committee regarding its 2012 evaluation of the Holy See's financial system. Di Ruzza also negotiated in 2013 the inclusion of the Authority of Financial Information in the Egmont Group, which gathers the world's financial intelligence units, as well as the several memoranda of understanding the Authority has signed with its counterpart in several countries, the most noteworthy being those with the US, UK, Italy, and Germany. Vatican insiders explained to CNA that Di Ruzza has been one of the main supporters of the Vatican's path toward reform and the consolidation of Holy See and Vatican City State anti- money laundering programs. Di Ruzza’s appointment concludes the Authority's transition to a new governance. The transition began after the new Vatican anti-money laundering law was issued in August 2013, and confirmed in October 2013 – a law that Di Ruzza had considerably contributed to drafting – and the consequent November 2013 issuance of the new statutes of the Authority for Financial Information. The new statutes also entrusted the Authority for Financial Information with the functions of prudential supervision. The first regulation of prudential supervision came into effect Jan. 13, and is published on the Authority’s website. 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Di Ruzza's appointment indicates continuity in the advancement of financial reforms that have been carried on by the Vatican since 2009 under Benedict XVI. A respected international juridical expert who studied at the universities of Siena, Rome, and Oxford, Di Ruzza has served as a juridical advisor to the Holy See since 2005. After having served at the Pontifical Council for Justice and Peace, Di Ruzza was entrusted with following the operational, juridical, and international issues of the Authority for Financial Information since its establishment in 2011. In this capacity, Di Ruzza had a prominent role in the negotiations with the Council of Europe’s Moneyval committee regarding its 2012 evaluation of the Holy See's financial system. 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The new statutes also entrusted the Authority for Financial Information with the functions of prudential supervision. The first regulation of prudential supervision came into effect Jan. 13, and is published on the Authority’s website. This prudential supervision is exercised over the Vatican offices that professionally handle financial activities, including the Institute for Religious Works, or 'Vatican bank'. The new regulations introduce a legal framework in terms of organization and management of the offices. A source who works in Vatican finances explained to CNA Jan. 21 that “the text adheres to international standards, but also fits with the Holy See's peculiar and juridical framework.” This means – the source concluded – that “the Holy See is committed to a long term and sustainable path to fulfill international standards for financial transparency.”\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/\" \/>\n<meta property=\"og:site_name\" content=\"Catholic News\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-22T01:06:00+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.catholicnewsagency.com\/images\/size340\/St_Peters_Basilica_in_Vatican_City_on_June_19_2014_Credit_Daniel_Ibez_CNA_2_CNA_6_19_14.jpg\" \/>\n<meta name=\"author\" content=\"CNA Daily News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CNA Daily News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/\",\"url\":\"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/\",\"name\":\"Financial appointment at Vatican signals continuity in reform, transparency\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/catholicnews\/#website\"},\"datePublished\":\"2015-01-22T01:06:00+00:00\",\"dateModified\":\"2015-01-22T01:06:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/catholicnews\/#\/schema\/person\/35d4bd7addc580050842c844a11575f1\"},\"description\":\"Vatican City, Jan 21, 2015 \/ 06:06 pm (CNA\/EWTN News).- Tommaso Di Ruzza was appointed Wednesday as the new director of the Vatican’s Authority for Financial Information, filling the post left vacant Nov. 19, when the previous director, René Bruelhart, was made president of the Authority’s board of directors. 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Di Ruzza also negotiated in 2013 the inclusion of the Authority of Financial Information in the Egmont Group, which gathers the world's financial intelligence units, as well as the several memoranda of understanding the Authority has signed with its counterpart in several countries, the most noteworthy being those with the US, UK, Italy, and Germany. Vatican insiders explained to CNA that Di Ruzza has been one of the main supporters of the Vatican's path toward reform and the consolidation of Holy See and Vatican City State anti- money laundering programs. Di Ruzza’s appointment concludes the Authority's transition to a new governance. The transition began after the new Vatican anti-money laundering law was issued in August 2013, and confirmed in October 2013 – a law that Di Ruzza had considerably contributed to drafting – and the consequent November 2013 issuance of the new statutes of the Authority for Financial Information. The new statutes also entrusted the Authority for Financial Information with the functions of prudential supervision. The first regulation of prudential supervision came into effect Jan. 13, and is published on the Authority’s website. This prudential supervision is exercised over the Vatican offices that professionally handle financial activities, including the Institute for Religious Works, or 'Vatican bank'. The new regulations introduce a legal framework in terms of organization and management of the offices. A source who works in Vatican finances explained to CNA Jan. 21 that “the text adheres to international standards, but also fits with the Holy See's peculiar and juridical framework.” This means – the source concluded – that “the Holy See is committed to a long term and sustainable path to fulfill international standards for financial transparency.”","breadcrumb":{"@id":"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.patheos.com\/blogs\/catholicnews\/2015\/01\/financial-appointment-at-vatican-signals-continuity-in-reform-transparency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.patheos.com\/blogs\/catholicnews\/"},{"@type":"ListItem","position":2,"name":"Financial appointment at Vatican signals continuity in reform, transparency"}]},{"@type":"WebSite","@id":"https:\/\/www.patheos.com\/blogs\/catholicnews\/#website","url":"https:\/\/www.patheos.com\/blogs\/catholicnews\/","name":"Catholic News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.patheos.com\/blogs\/catholicnews\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.patheos.com\/blogs\/catholicnews\/#\/schema\/person\/35d4bd7addc580050842c844a11575f1","name":"CNA Daily News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.patheos.com\/blogs\/catholicnews\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8f1180c7dca7995d4a997aac72a3a88a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8f1180c7dca7995d4a997aac72a3a88a?s=96&d=mm&r=g","caption":"CNA Daily News"},"sameAs":["http:\/\/www.catholicnewsagency.com\/"],"url":"https:\/\/www.patheos.com\/blogs\/catholicnews\/author\/cna-daily-news\/"}]}},"_links":{"self":[{"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/posts\/9517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/users\/1031"}],"replies":[{"embeddable":true,"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/comments?post=9517"}],"version-history":[{"count":0,"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/posts\/9517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/media?parent=9517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/categories?post=9517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.patheos.com\/blogs\/catholicnews\/wp-json\/wp\/v2\/tags?post=9517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}