Vatican Diary / Even the Foundations Are Being Put Through the Wringer


Among the organizations with offices inside the Leonine Walls, only the Foundations escaped the controls of the Financial Information Authority and the Vatican magistracy. Not any more. Moneyval has requested it, and the Holy See has obeyed. Here they are, one by one

VATICAN CITY, August 30, 2013 – If from announcements one moves on to accomplishments, it must be said that the first steps taken by Pope Francis are firmly set in the path opened by his predecessor Benedict XVI.

The motu proprio of last August 8 for the prevention of and fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction, in fact, does nothing other than comply with what was established by Benedict XVI on December 30, 2010, with a previous motu proprio that instituted, for the first time in the Vatican, a Financial Information Authority, AIF, a decisive step toward harmonizing the activities of the Holy See with the international norms against illegal activities in the financial and monetary field.

Among the normative developments of the new pontifical document there is one of particular interest, which very few have noted.

The motu proprio of Benedict XVI established that the new Vatican legislation for fighting money laundering and the financing of terrorism were binding not only for Vatican City-State, but also for the dicasteries of the Roman curia and for all the organisms and institutions belonging to the Holy See, including the controversial Institute for Works of Religion, IOR.

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