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

1/30/2015 Protestors Demand Justice After Denver Police Fatally Shoot Queer Latina Teen - On Monday morning, a 16-year-old lesbian Latina named Jessie Hernandez was shot and killed by Denver police. . . .
 
1/30/2015 New UK Guidelines Would Put the Onus on Rape Suspects, Not Victims, in Sexual Violence Cases - This week, the Director of Public Prosecutions Alison Saunders said it's time for UK's legal system to put the onus on the attacker, rather than the victim, in rape cases, and outlined a new set of legal guidelines to make that happen. . . .
 
1/29/2015 Ohio Legislator Became Pro-Choice After Listening To Women's Stories - Tim Ryan, Democratic U.S. . . .