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THE FUNCTIONS OF THE SUPERVISORY AND FINANCIAL INFORMATION AUTHORITY

The Authority shall perform the following functions, in full autonomy and independence, in accordance with existing laws and without prejudice to the responsibilities of the Financial Security Committee and the other bodies tasked with the regulation, oversight and supervision of entities of the Holy See and Vatican City State:

  • supervision:
    • supervision aimed at the prevention and countering of money laundering and the financing of terrorism;
    • prudential supervision of those entities that carry out a financial activity on a professional basis;
    • regulation for prudential purposes for those entities that carry out a financial activity on a professional basis and, in the cases provided for by law, regulation for the prevention and countering of money laundering and the financing of terrorism;
  • financial intelligence.

THE BODIES OF THE SUPERVISORY AND FINANCIAL INFORMATION AUTHORITY

The bodies of the Authority are:

the President:

    • Mr. Carmelo Barbagallo

the Board:

    • Prof. Antonella Sciarrone Alibrandi
    • Mrs. Maria Bianca Farina
    • Mr. Joseph Yuvaraj Pillay

Directorate:

    • Prof. Giuseppe Schlitzer (Director)
    • Mr. Federico Antellini Russo (Deputy Director)

THE STRUCTURE OF THE SUPERVISORY AND FINANCIAL INFORMATION AUTHORITY

The Authority has three units:

The Supervision Unit

The Regulation and Legal Affairs Unit

The Financial Intelligence Unit