n his annual report, made public on July 3, the president of the Vatican’s Financial Information Authority (AIF) does not mention the October 1 police raid on the AIF offices, nor the abrupt departure of the agency’s top two officials... Carmelo Barbagallo, who took over the AIF last November, shortly after the raid, reports closer cooperation with the financial-oversight agencies of other nations, and boasts of an “intensification of prudential supervision” of Vatican transactions.