FUNCTIONS

The Authority, which is guaranteed full autonomy and independence in the performance of its institutional functions, has exclusive competence for:

• supervision and regulation for the purposes of preventing and countering money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction;
• financial intelligence;
• prudential supervision and regulation of entities that carry out a financial activity on a professional basis. The Authority also provides support to other public authorities of the Holy See and the Vatican City State in the prevention and countering of money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, as well as the relevant predicate offences.

The Authority may act as an alternative dispute resolution body for disputes that may arise between customers and entities that carry out a financial activity on a professional basis concerning financial transactions and services.

In the cases provided for by law, the Authority imposes administrative sanctions or proposes to the President of the Governorate of the Vatican City State the imposition of administrative sanctions.

In exercising its regulatory powers, the Authority adopts regulations, instructions and guidelines.

ORGANISATION AND STRUCTURE

Director: Mr. Federico Antellini Russo