The Annual Report of the Vatican’s Financial Information Authority (Autorità di Informazione Finanziaria – AIF), was released during a press conference at the Holy See Press Office on Friday, April 27, 2018. In releasing the 2017 report, Rene Brulhart, President of AIF, confirmed that the system has seen a progressive decline in the number of Suspicious Activity Reports from 207 in 2016, down to 150 in 2017.
AIF was established by Pope Benedict XVI on December 30, 2010, with a direct connection to the Holy See and a canonical and Vatican civil juridic person. Brulhart, a Swiss resident, is the first layperson to hold this position. The Annual Report covers the activity of information and financial surveillance, both in the prudential area as well as the prevention of and fight against money laundering and the financing of terrorism.