Tag: Vatican Financial Intelligence Authority

• Saturday, May 3rd 2014 - 05:43 UTC

  Pope says Vatican finances must be transparent and aimed at helping the needy

  

  Vatican administrators need a “change of mentality” and must ensure that the Holy See's finances are efficient, transparent and primarily aimed at helping the most needy, Pope Francis said on Friday.

• Tuesday, February 25th 2014 - 04:13 UTC

  Pope overhauls Vatican finances and names Secretariat for the Economy

  

  Pope Francis has taken his boldest step yet to overhaul the Vatican's scandal-plagued finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican announced on Monday. The Secretariat for the Economy will answer directly to the pope and will be headed by Australian Cardinal George Pell, currently the archbishop of Sydney.

• Thursday, August 8th 2013 - 14:00 UTC

  Pope tightens money-laundering standards for Vatican financial activities

  

  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 the financing of terrorism, Pope Francis has expanded the role and the reach of the Vatican's Financial Intelligence Authority.