Last February, we received 607 gifts, but fell short. This year we need 700. We have 10 to go—donate now!
Click here to advertise on CatholicCulture.org

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.

Additional sources for this story
Some links will take you to other sites, in a new window.

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 February expenses ($6,846 to go):
$35,000.00 $28,153.54
20% 80%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org
Shop Amazon

Recent Catholic Commentary

Two good publishers, six new books for Lent 9 hours ago
Another awkward 'clarification' from the Vatican February 25
Former Israeli ambassador explains how to make 'two-state solution' realistic February 25
Solidarity Campaign: Going well, thanks! And how can you help? February 25
Considering the World of Film February 24

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis to address Congress in joint session in September CWN - February 5