MondayVatican
The Holy See path to adapt its legal system to international anti-money laundering standards has been quick, coherent and convincing, according to the «progress report» issued by the Council of Europe’s committee MONEYVAL on December 12.
«It is clear from this review – the report states in par. 128 – that much work [...]
The media called it «operation financial transparency». And it is. The work done within the Vatican Walls during the past few years was all intended to create a Vatican financial system to overcome the image of opacity and dubious dealings that – rightly or wrongly – was associated with Vatican financial matters.
In fact, [...]
A screening of the IOR accounts is “ongoing”, according to René Bruelhart, director of the Vatican Authority for Financial Information (AIF). Bruelhart also underlines that a reform of the oversight on Vatican finances is in process as well. One of the pillars of this reform will be preventive supervision – as requested by the [...]
How much money is there in the so-called «Vatican bank», the Institute for Religious Works (IOR) and how is it invested and used? Soon, this information will be in the public domain. The IOR will have an internet website, where its annual balance sheet will be posted. Although the IOR is a [...]
René Bruelhart is the new director of the Authority for Financial Information (AIF). It is a significant appointment –it shows that the Holy See is moving towards full adherence to international transparency standards. MONEYVAL’s Plenary Assembly – the body of the Council of Europe that evaluates if its member states are meeting [...]
The Church is 200 hundred years out of date. Cardinal Carlo Maria Martini’s words in his last interview have travelled the world. Interpretations multiplied. In what, exactly, is the Church out of date? Is it because of the issue of communion and divorcees – even when the Pope wrote comprehensively about it [...]
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