Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

June-27-13

Vatican Creates New Committee to Oversee Bank Corruption

On Wednesday, Pope Francis announced the creation of a new committee that will be responsible for overseeing the activities of the Vatican Bank in response to allegations of money laundering and corruption.

The bank, known officially as the Institute for Works of Religion (IOR), has been plagued with scandals of money laundering and tax evasion. Last year, Moneyval, the European anti-money laundering committee, determined that the IOR did not meet international standards to prevent money laundering. Last year, the Vatican announced that six attempts of money laundering using IOR were detected. This year there have already been seven discovered.

Further evidence of corruption was discovered in 2012 when the personal butler of Pope Benedict XVI leaked private documents to journalists.

The commission will have access to all internal documents, meetings, and management and report to Pope Francis directly.

Media Resources: Al Jazeera 6/26/2013; International Business Times 6/26/2013; Reuters 6/26/2013


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

8/29/2014 Terry O'Neill Was One of Hundreds Arrested Calling for Immigration Reform at White House Rally - Thursday, nearly 300 people were arrested in front of the White House during a rally calling on President Barack Obama to halt mass deportations. . . .
 
8/29/2014 BREAKING: Fifth Circuit Blocks Texas TRAP Law Provision! - WASHINGTON - The Feminist Majority Foundation applauds U.S. . . .
 
8/29/2014 Domestic Violence Victims May Now Qualify For Asylum in the US - A recent case has opened the door for victims of domestic violence abroad to qualify for asylum in the United States. The Justice Department's Board of Immigration Appeals ruled for the first time on Tuesday that a victim of domestic violence fit a specific criterion for asylum: persecution for membership in a particular social group. . . .