Pope says new Vatican finance laws, norms are working

Catholic News Service via National Catholic Reporter

February 17, 2020

By Cindy Wooden

The decade-long process of updating the laws of Vatican City State is part of the Vatican’s support for international commitments to protect people and safeguard vulnerable groups, who are “frequently the victims of new, odious forms of illegality,” Pope Francis said.

Retired Pope Benedict XVI and Pope Francis have made major changes to Vatican City legislation to strengthen laws against money laundering, tax evasion, child sexual abuse and child pornography.

Meeting officials of the Vatican City State court Feb. 15, Francis repeated his conviction that the latest financial scandal being investigated by the Vatican City police and tribunal is a sign of progress because the report of suspicious activity originated with the Vatican general auditor.

While the investigation continues into the financing of a London real estate investment and while the parties involved have the right to a presumption of innocence, the pope said the flagging of the irregular activity “shows the efficacy and efficiency of the counter-actions as requested by international standards.”

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