Authorization

Pope Francis promised to clean up the Vaticans murky finances

AFTER A WEEK of resignations and exclusions, the Vatican faces the very real risk of being reduced once more to the status of an international financial pariah. In the coming days its officials are due to answer a detailed questionnaire for Moneyval, Europes anti-money-laundering and anti-terrorist-financing watchdog. The picture they will have to paint could scarcely be less reassuring.The Financial Information Authority (AIF)the Vaticans regulatory body and the cornerstone of a nine-year campaign to dispel the Holy Sees image as a refuge for hot money and shady dealingsis no longer eligible to receive intelligence on suspected financial crime from its counterparts in other states. The AIFs president, Rene Brulhart, has left (the Vatican announced on November 19th that his contract would not be renewed). Half his board has since resigned. And the authoritys director is suspended from duty.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«     2020    »
 12
3456789
10111213141516
17181920212223
24252627282930
31