FINANCIAL INFORMATION AUTHORITY APPOINTS NEW DIRECTOR AND EXECUTIVE

Vatican City,  (VIS) - Francesco De Pasquale, director of the Financial Information Authority (AIF) since June 2011, has been appointed to the board of the AIF. He is succeeded by Rene Bruelhart, former director of the Financial Intelligence Unit (FIU) of Liechtenstein.

Francesco De Pasquale, who has extensive experience at the "Ufficio Italiano Cambi" and the Bank of Italy and has been Director of the AIF since June 2011, has been named a member of the board of AIF, which in addition to the president, Cardinal Attilio Nicora, includes Prof. Condemi, Prof. Dalla Torre, Prof. Bianchi and Dr. Testa.

Cardinal Nicora has named Rene Bruelhart to succeed De Pasquale. Bruelhart, former director of the FIU of Liechtenstein and Vice-President of the Egmont Group, the international network of FIUs, has been an adviser to the Holy See and Vatican City since September in matters relating to action against money laundering and financing of terrorism.

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