Loading
New rules for Vatican financial oversight approved by Pope
St. Peter's Basilica.Credit: Stephen Driscoll/CNA.
St. Peter's Basilica.Credit: Stephen Driscoll/CNA.

.- Pope Francis on Nov. 15 approved a new document on the rules for the Holy See's financial oversight agency to distinguish better the roles and functions of its leadership.

The Pope's document, an apostolic letter called a motu proprio, aims to help the Vatican’s Financial Intelligence Authority “fulfill even more adequately its institutional functions in full autonomy and independence” while also being consistent with the legal framework of the Holy See and Vatican City, the Vatican Press Office said Nov. 18.

The new statutes create a specific office for “prudential supervision.” It also distinguishes the role and functions of the Financial Intelligence Authority president, board of directors, and directorate. The document takes effect Nov. 21.
 
The Vatican Press Office noted that earlier declarations from Pope Francis aimed to set norms for “transparency, supervision and financial intelligence” and to strengthen safeguards against “potential illicit activities in the financial sector.”

The Vatican is working to implement a long-term strategy to meet international financial standards, following several scandals and allegations of money laundering involving Vatican officials.

Tags: Vatican Finances, Pope Francis


Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)

Featured Videos

Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis visits poor neighborhood and meets with young people from Argentina
Pope Francis celebrates Mass at the National Shrine of Our Lady of Aparecida
Denver rally draws hundreds in support of religious freedom
Pope Francis prays over a sick man in St Peter's Square
Denver women's clinic will offer natural, Catholic care
Interview Clips: Barbara Nicolosi speaks to CNA
US Cardinals press conference at North American College
Pope Benedict to retire to monastery inside Vatican City
Pope cites waning strength as reason for resignation
Hundreds convene in Denver to urge respect for life
New Orange bishop encourages Catholic unity in diversity
Chinese pro-life activist calls for reform, international attention
At Lincoln installation, Bishop Conley says holiness is success
Mother Cabrini shrine reopens in Chicago after a decade
Ordination of 33 deacons fills St. Peter's with joy
Cardinal says "Charity is the mother of all the virtues"
Augustine Institute expands evangelization effort with new campus
Bishops recall 'Way of St. James' as chance to trust in God
Los Angeles cathedral's newest chapel houses Guadalupe relic
Apr
25

Liturgical Calendar

April 25, 2014

Friday within the Octave of Easter

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Jn 21:1-14

Gospel
Date
04/25/14
04/24/14
04/23/14

Daily Readings


Saint of the Day

St. Mark, the Evangelist »

Saint
Date
04/24/14

Homily of the Day

Jn 21:1-14

Homily
Date
04/25/14
04/24/14
04/23/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: