PART 23: Antichrists Revealed by Jesus Christ – The Secret Finances of the Vatican Economy

The Institute was founded in June 1942 by papal decree of Pope Pius XII. In June 2012, the IOR gave a first presentation of its operations. In July 2013, the Institute launched its own website. On 1 October 2013, it also published its first-ever annual report.

On 24 June 2013, Pope Francis created a special investigative Pontifical Commission(CRIOR) to study IOR reform.[11] On 7 April 2014, Pope Francis approved respective recommendations on the IOR’s future which were jointly developed by the CRIOR and COSEA commissions and the IOR’s management. “The IOR will continue to serve with prudence and provide specialized financial services to the Catholic Church worldwide”, as the Vatican release stated.  On 7 April 2014, Pope Francis approved a proposal on the Institute’s future, “reaffirming the importance of the IOR’s mission for the good of the Catholic Church, the Holy See and the Vatican City State”.

Supervisory and Financial Information Authority (Vatican City)

The Supervisory and Financial Information Authority (Autorità di Supervisione e Informazione Finanziaria, or ASIF) is the central institution in the Holy See and Vatican City State that is responsible for the prevention and countering of money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction (AML/CFT/CPT). It is the central authority for supervision and regulation in these matters, both in relation to the obliged entities (i.e. the entities who, due to the activities they carry out, are subject to the obligations set out in the AML/CFT/CPT legislation) and the reporting entities (i.e. entities who, under Vatican law, are required to report suspicious activities). With regard to obliged entities, there is only one such entity in the jurisdiction – the Istituto per le Opere di Religione – while the reporting entities consist of every legal entity with a registered office in the Vatican City State and all the Institutions of the Roman Curia. The Authority also contains the jurisdiction’s financial intelligence unit, which is responsible for acquiring and analyzing the suspicious activity reports submitted by reporting entities, making use of internal and international collaboration (the Authority is a member of the Egmont Group). Furthermore, ASIF is also the central authority for the supervision and prudential regulation of entities that professionally carry out financial activities (to date, exclusively the Istituto per le Opere di Religione).

The AIF has its seat in Palazzo San Carlo, Vatican City, close to Domus Sanctae Marthae.