Catholicism and Orthodox Christianity

rug

(82,333 posts) Fri Aug 9, 2013, 08:48 PM Aug 2013

Pope Francis tightens Vatican bank controls

8 August 2013 Last updated at 10:41 ET

The Pope has stepped up the fight against corruption at the Vatican by strengthening supervision of financial transactions at its internal bank.

Pope Francis issued a decree designed to combat money-laundering and prevent any financing of terrorism.

It is the latest move to stamp out abuses at the Vatican bank, which handles funds for the Catholic Church.

The Pope recently set up a commission to investigate the bank and report back to him personally.

http://www.bbc.co.uk/news/world-europe-23621235

http://en.radiovaticana.va/news/2013/08/08/press_release_on_new_motu_proprio/en1-718068

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Pope Francis tightens Vatican bank controls (Original Post) rug Aug 2013 OP

High time someone did it. Fortinbras Armstrong Aug 2013 #1

I think this is going to be a major part of Pope Francis' focus tjwmason Aug 2013 #2

Fortinbras Armstrong

(4,473 posts)

1. High time someone did it.

Reply to rug (Original post)

Sat Aug 10, 2013, 07:49 AM

Aug 2013

Should have been done decades ago, after the Banco Ambrosiano mess in the 1980s -- which cost the Vatican a quarter of a billion dollars.

tjwmason

(14,819 posts)

2. I think this is going to be a major part of Pope Francis' focus

Reply to rug (Original post)

Mon Aug 12, 2013, 05:44 AM

Aug 2013

Benedict XVI seems to have laid foundations for curial reform, but wasn't quite up to the task of carrying it out fully - Francis seems to see this as the main job that he has to do, combine this with his views on simplicity and the poor and the Vatican Bank becomes an obvious target.

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