Vatican’s Financial Watchdog Highlights ‘Increasing Trend’ in Reports to Promoter of Justice| National Catholic Register

VATICAN CITY — The Vatican’s financial watchdog authority reported Thursday that it received 89 suspicious activity reports in 2020, 16 of which it forwarded to the Promoter of Justice for possible prosecution.  In a 52-page annual report, released July 15, the Supervisory and Financial Information Authority (ASIF) said that the figures underlined “an increasing trend” in the proportion of reports sent onwards compared to the number received. “As regards financial intelligence, in 2020 the Authority received 89 suspicious activity reports (SARs), 85 of which from the supervised entity, 2 from public authorities, 1 from a non-profit organization (NPO), and 1 from another entity,” the report said. “It forwarded 16 reports to the Office of the Promoter of Justice (OPJ), of which 10 were first reports and 6 supplementary ones. This confirms an increasing trend in the proportion of reports sent and SARs received, demonstrating a steady improvement in the quality of SARs.”

Vatican’s Financial Watchdog Highlights ‘Increasing Trend’ in Reports to Promoter of Justice| National Catholic Register

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