As part of the Vatican’s ongoing efforts to ensure that all its financial activity complies with international standards, particularly those aimed at preventing money laundering and possible financing of terrorism, Pope Francis has expanded the role and the reach of the Vatican’s Financial Intelligence Authority. Pope Francis issued new rules on Aug. 8 broadening Vatican City finance laws to cover all the offices of the Roman Curia, including nonprofit organizations operating out of the Vatican, like Caritas Internationalis and Aid to the Church in Need. Pope Francis also added “the function of prudential supervision” to the responsibilities of the F.I.A. The Vatican spokesperson, Federico Lombardi, S.J., explained that the Vatican is trying to ensure that it is not a “potential weak spot” in international efforts to crack down on money laundering, terrorism financing and the proliferation of weapons of mass destruction.
Vatican Toughens Financial Controls
Show Comments (
)
Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
The latest from america
“Let diplomacy silence the guns!” Pope Leo XIV told the crowd in St. Peter’s Square a few hours after the United States entered the Iran-Israel war by bombing three of Iran’s nuclear sites.
Pope Leo XIV’s statement was read at the premiere of a play about the Peruvian investigative journalist Paola Ugaz, who was subject to death threats because of her reporting on sexual abuse.
About a dozen religious leaders from the San Diego area, including Bishop Michael Pham, visited federal immigration court on Friday “to provide some sense of presence.”
In a time of increasing disaffiliation from and disillusionment with the institutional church, a new theological perspective on the church is needed—one that places Jesus’ own teaching at the center.