Vatican making progress toward financial transparency, says head of oversight agency
Catholic World News - August 13, 2013
The new head of the Vatican’s Financial Information Authority has said that a papal document released last week to tighten standards for financial transactions is a “positive sign,” but cautioned that more work is necessary to ensure transparency in Vatican finances.
René Bruelhart told reporters that Vatican financial overseers now have “the right tools” to identify any questionable transfers and take appropriate action. Nevertheless, Bruelhart said, the Vatican will need to continue improving accounting systems to meet the standards set by European banking authorities to combat money-laundering.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our July expenses ($8,367 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!