Home | About Us | Subscriptions | Advertising | El Centinela
Catholic Sentinel | Portland, OR Saturday, February 13, 2016
CYO Football 2015 2015 Priest Reassignments, Archdiocese of Portland Cardinal Francis George dies Mothering with faith Sisters of the Holy Names, 2015 Live Nativity at St. John the Baptist 2014 Fall CYO results Catholic Charities Donor Lunch 2014 Year of Consecrated Life opening Mass Holy Spirit Sisters Jubilee 2014 Seaside youth conference Mount Angel 125th Northwest Hub Furlow at papal Mass 2014 Rosary Bowl NW Brother André 2014 Fall 40 Days for Life 2014 Inauguration of Fr. Mark Poorman Coffee shop at abbey First day of school, 2014 Regis High School 50th anniversary 2014 Crooked Finger Pilgrimage Mass with migrant farm workers Maronite Ordination Consecration to "Immaculate Heart of Our Lady of Fatima" CYO track Southern Oregon Evangelization 2014 Priest Ordination Christ the King youth 2014 priest reassignments Our Lady of Lavang Confirmation, 2014 Memorial Day 2014 2014 Transitional deacon ordination Padre Foster Granados visits Albany Bishop Smith ordination Canonization of Pope John Paul II, Pope John XXIII Bishop Peter Smith 2014 Easter Vigil 2014 Walk of Cross 2014 Chrism Mass CYO basketball 2014 St. Patrick of the Forest 150th Catholic Charities Celebration of Hope, 2014 Boys2Men Archbishop visits Oregon State Penitentiary 40 Day Vigil for Life, 2014 Pope Francis creates new cardinals St. Henry shelter 2014 CYO swimming Funeral of Fr. George Wolf Travel on a budget Lunar New Year, 2014 Tech in Catholic schools 2014 Right to Life Rally Archbishop visits Santiam Prison First Mass in Oregon Milwaukie Posada St. Francis, Sherwood, Toy Drive Central Catholic football Typhoon Haiyan Deacon Ordination/ Kresbach, Schmitt A Catholic fisherman St. Cecilia Centennial Southern Oregon Welcome Mass Shepherd of the Valley, Central Point, dedication Grotto Anniversary 2013 Champions of Faith Dinner Gardenripe farms Coleman hop farm Corvallis Year of Faith Archbishop Howard at St. Rose Hitchhiking priests Franciscan Spiritual Center Sacred Heart, Medford Migrant Mass Tanzanians' jubilee World Youth Day 2013 2013 Blessing of the Animals 2013 Freedom Mass Albany school closure Fabric art Megan graduates from Catholic school St. Vincent de Paul Hillsboro 2013 Deacon ordination Sister Theresa Lamkin St. Helen Mission, Brownsville Marist Brainiacs St. Mary, Eugene St. Francis eighth graders Ascension confirmation 2013 Pastoral Ministry Conference St. Joseph Salem — Year of Faith Archbishop Sample's Installation Mass 2013 Archbishop Sample Chrism Mass 2013 2013 Young Catholics Pope Francis inauguration Celebration of Hope Vlazny Farewell Mass Archbishop Vlazny Farewell St. Paul Church in St. Paul Valley Catholic Green Building Rite of Election 2013 Water summit 2013 Lunar New Year Alveda King in Eugene New Monsignors, 2013 2013 Right to Life Rally MLK Mass, 2013 St. Henry, Gresham, Centennial Jesuit High drama School uniforms Friar in the mall Holy Trinity food ministry January Book Covers St. Andre Bessette food Year of Faith Mass Nestucca Sanctuary Hillsboro Choirs Father Betschart installation Salem Religious Freedom Rally Year of Faith Vespers, Awards Roy's Catholic School Adelante Mujeres 10th anniversary New Blanchet House Missionaries of Holy Spirit Priest, religious photos Providence Nursing Schools Pioneros Fortnight for Freedom Mark Bentz Deacon Ordination OLL School Walk Through Gaga over science St. Philip Neri Centennial Ordination of Bishop Cary SVDP, Grants Pass Holy Cross School centennial Confirmation - Mount Angel Holy Land Pilgrimage Blanchet Watershed Chrism Mass, 2012 Bishop-designate Cary Pope in Cuba, 2012 SSMO 125th Jubilee Mass Pope Benedict in Mexico 2012 Catholic Charities Celebration 2012 Madeleine Mardi Gras Centennial Rally for Life, 2012 Martin Luther King Jr. Mass 2012 Day Laborers-Guadalupe Guadalupe 2011 Christ the King, Milwaukie, 50th Sesame Doughnuts Central Catholic Volleyball St. Peter Centennial Deacon Ordination, October 2011 St. Agatha Centennial Rosary Bowl 2011 St. Wenceslaus, Scappoose, Centennial Filipino celebration Polish Festival 2011 Holy War Football 2011 World Youth Day 2011 Sun Gold Farm Our Lady of Victory's New Church Freedom Mass 2011 St. Mary Church Steeple Removal Priest reassignments, 2011 Old Catholic Buildings Paige Rice, St. Mary's runner Graduation 2011 Easter vigils 2011 Pastoral Ministry Conference Basketball Holy War 2011 Search for Peace 2011

SJB Ravioli Dinner 2016

Home : News : Pope Francis/Vatican
Pope expands role, reach of Vatican Financial Intelligence Authority
Catholic News Service photo
Rene Brulhart, director of the Vatican's Financial Intelligence Authority, speaks during a news conference to present his office's first report at the Vatican May 22. Brulhart said the Vatican will further amend its finance-related laws and take addition al steps to prevent financial crimes
Catholic News Service photo
Rene Brulhart, director of the Vatican's Financial Intelligence Authority, speaks during a news conference to present his office's first report at the Vatican May 22. Brulhart said the Vatican will further amend its finance-related laws and take addition al steps to prevent financial crimes
Catholic News Service


VATICAN CITY — As part of the Vatican's ongoing efforts to ensure that all its financial activity complies with international standards, particularly those aimed at preventing money laundering and the financing of terrorism, Pope Francis has expanded the role and the reach of the Vatican's Financial Intelligence Authority.

Less than a month after he updated the Vatican's criminal code to include all Vatican employees around the world and not just those working in Vatican City, Pope Francis issued new rules Aug. 8 broadening Vatican City finance laws to cover all the offices of the Roman Curia. The rules also apply to the non-profit organizations operating out of the Vatican, including Caritas Internationalis and Aid to the Church in Need.

In addition, Pope Francis added "the function of prudential supervision" to the responsibilities of the Vatican Financial Intelligence Authority, which was instituted by Pope Benedict XVI in 2011 to investigate suspicious financial transactions.

The FIA now will "evaluate and approve the financial activities and the services offered" by the Institute for the Works of Religion (the Vatican bank) and the Administration of the Patrimony of the Holy See, the office that handles Vatican property and investments, said Jesuit Father Federico Lombardi, Vatican spokesman.

While the Vatican's financial activities are "a drop in the bucket" on the international finance scene, Father Lombardi said, "we have a responsibility to the international community" to ensure that all Vatican activities measure up to the efforts taken since the 9/11 terrorist attacks in the United States to prevent, even unwittingly, the financing of terrorism.

The Vatican, he explained, is trying to ensure that it is not a "potential weak spot" in international efforts to crack down on money laundering, terrorism financing and the proliferation of weapons of mass destruction.

Many of the changes to Vatican laws and financial procedures instituted over the last year were specific recommendations made by Moneyval -- the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing  of Terrorism.

Father Lombardi said the key point isn't to win Moneyval's approval, but "Moneyval is the instrument we are using to determine whether we are up to international standards."

Pope Francis' changes are contained in a document on "the prevention and countering of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction." It was issued "motu proprio," meaning on the pope's own initiative.

The document, along with an appendix, also establishes a Financial Security Committee, bringing together high-level officials from a variety of Vatican offices that share responsibility for preventing and countering money laundering, terrorism financing and the proliferation of weapons of mass destruction. Father Lombardi said the committee gives a permanent structure to efforts to coordinate all aspects of the Vatican's work in those areas.

U.S. Msgr. Peter B. Wells, assessor in the Vatican Secretariat of State, will serve as committee president. The other members hold the following offices: undersecretary for relations with states in the Secretariat of State; secretary of the Prefecture for the Economic Affairs of the Holy See; vice-secretary general of the commission governing Vatican City; the Vatican City prosecuting attorney; the director of the Financial Intelligence Authority; and the head of the Vatican police.



Advanced Search











Mary Jo Tully ~ The Path to Resurrection

News | Viewpoints | Faith & Spirituality | Parish and School Life | Entertainment | Obituaries | Find Churches and Schools | About Us | Subscriptions | Advertising
E-Newsletter | RSS Feeds

© 2016 Catholic Sentinel, a service of Oregon Catholic Press

Software © 1998-2016 1up! Software, All Rights Reserved