Pope Francis Shakes Up Vatican Financial Watchdog

Thursday, 05 Jun 2014 07:27 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Pope Francis has ousted the all-Italian board of the Vatican's financial watchdog agency, installing a more international set of experts following repeated clashes between the board and the agency's director.

The four new board members announced Thursday are from Italy, Switzerland, Singapore and the United States.

Francis: Who Is Pope Francis? Book Reveals the Man

The board of the Financial Information Authority had complained that it was being kept in the dark about agency activities since Swiss anti-money-laundering expert Rene Bruelhart arrived as director in 2012. The infighting led to the resignation of Italian Cardinal Attilio Nicora as authority president earlier this year.

The Vatican created the agency in 2010 to supervise and regulate the Holy See's financial activities and share financial information with other countries to comply with international anti-money laundering norms.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: Change in Speaker Rules Could Harm GOP Dissenters

Friday, 19 Sep 2014 23:27 PM

House Republicans are considering a plan on selecting future speakers in an effort to avoid the embarrassing vote surrou . . .

Rep. Stockman to Newsmax: Arm Kurds, Don't Train Syrian Rebels

Friday, 19 Sep 2014 21:36 PM

Instead of spending any of the $500 million Congress approved this week to train Syrian rebels to fight the Islamic Stat . . .

Ted Cruz: A Nuclear Iran Remains 'Most Significant Threat'

Friday, 19 Sep 2014 20:42 PM

Iran's nuclear ambitions are a bigger threat to America than the Islamic State (ISIS) militants, Sen. Ted Cruz says.

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved