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
12/18/2014 American Apparel Hired Its First-Ever Woman Chief Executive to Replace Dov Charney - Six months after retail store American Apparel fired its chief executive and founder Dov Charney, the company has hired retail executive Paula Schneider as a replacement.
Schneider, who will become American Apparel's first female chief executive, will take over the position as of January 5.
Charney had led American Apparel since 1998 and became well-known from American Apparel's sexist advertising and from several sexual harassment lawsuits and sexual assault accusations against him by former employees. . . .
12/18/2014 Obama's Judicial Appointments Most Diverse in History - Congress came to a close on Tuesday night with the Senate confirmation of 12 new federal judges and 12 executive appointments - including Vivek Murthy as Surgeon General, Sarah Saldana as head of Immigration and Customs Enforcement, and Tony Blinken as deputy Secretary of State. . . .