Article 248 of the Apostolic Constitution states that: “The Supervisory and Financial Information Authority carries out, as provided for by law and by its proper statutes, the functions of: supervision aimed at the prevention and countering of money laundering and the financing of terrorism with regard to the entities and subjects under its supervision; prudential supervision of those entities that carry out financial activity on a professional basis; regulation for prudential purposes of those entities that carry out financial activity on a professional basis and, in the cases provided for by law, regulation for the prevention and countering of money laundering and financing of terrorism. In this capacity, it also carries out the function of financial intelligence” (see: “Praedicate Evangelium” on the Roman Curia and its service to the Church and to the World (19 March 2022) | Francis (vatican.va)).
