Pope Francis unexpectedly replaced the Vatican’s top financial regulator amid a brewing financial scandal over the Holy See’s investments in London real estate
The Vatican said Monday that René Brülhart’s mandate as president of its Financial Information Authority, or AIF, had ended but didn’t say why the pope had decided not to renew it. The body’s main function is to oversee the long-scandal-plagued Vatican Bank.
In October, Vatican police raided the offices of AIF and the Secretariat of State, the Holy See’s executive branch, as part of an investigation into a large property investment in London. Under Mr. Brülhart’s supervision since 2012, the bank has closed thousands of accounts, in some cases because a client’s profile didn’t conform with the bank’s stated mission to serve “works of religion.”
It isn’t clear how Mr. Brülhart’s removal will affect that process, but the turbulence at the top of AIF is likely to concern the evaluators.
France Dernières Nouvelles, France Actualités
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