Thursday, 8 August 2013

Pope Francis tightens Vatican bank controls

Pope Francis in Rome, 31 July

Pope Francis is set on clearing up the Vatican's financesPope Francis issued a decree designed to combat money-laundering and prevent any financing of terrorism.
The Pope has stepped up the fight against corruption at the Vatican by strengthening supervision of financial transactions at its internal bank.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.
Last month the Vatican froze the account of a senior cleric, Monsignor Nunzio Scarano, suspected of involvement in money-laundering.
He and two others were arrested by Italian police in June on suspicion of trying to move 20m euros ($26m; £17m) illegally.
Pope Francis's number one priority this summer is to sort out the financial mess at the Vatican bank and a parent body which looks after the financial assets of the Holy See, the BBC's David Willey reports from Rome.


  1. Pope should not be involved in financial matters

  2. Leave him to say what he want to say my brother