National
Vatican financial regulators sackedPublish Date: Jun 06, 2014
Vatican financial regulators sacked
  • mail
  • img
Pope Francis reads from a prayer book during the funeral ceremony for late Indian Cardinal D. Simon Lourdusamy, in Saint Peters Basilica at the Vatican, on June 5, 2014. AFP PHOTO
newvision


Pope Francis on Thursday named four new members to the Vatican's Financial Information Authority including a former security adviser to US President George W. Bush, sweeping away an "old guard" of Italian appointees.


Juan Zarate from the Centre for Strategic and International Studies, who was Bush's deputy national security adviser for counter-terrorism, will now have to enforce transparency rules for scandal-hit Vatican finances.

The three others chosen are Italian manager Maria Farina, Swiss financial consultant Marc Odendall and Joseph Pillay, who helped build up Singapore's economy as a top civil servant and businessman, the Vatican said in a statement.

Five Italian members of the body who were appointed by the pope's predecessor, Benedict XVI, were also dismissed.

A source told Vatican affairs news agency I.MEDIA that this was part of a bid by Francis to get rid of the "old guard".

Vatican finances have been hit by a series of scandals in recent years and two former directors of the Vatican bank, officially known as the Institute for Religious Works, are facing trial in Italy for money laundering.

Benedict XVI and Francis have instituted a series of major reforms to clean up the bank and promote greater transparency in a bid to align the Vatican with international financial norms. AFP

RELATED STORIES 

 Divorce debate challenges Pope Francis

Cancellation of Pope Francis' visit explained

Pope Francis leads Easter celebrations

Pope Francis leads Easter celebrations

Pope Francis meets 10,000 engaged couples on Valentine’s Day

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Crime gangs name policemen on hit list
On Friday night last week, Corporal David Kyambadde, the deputy commander of the Police flying squad in Kawempe was gunned down at 8:00pm in Kawempe, Kawala...
Ugandan Catholic Bishops elected to AMECEA committee
Two Ugandan Catholic bishops Joseph Anthony Zziwa of Kiyinda-Mityana and Sabino Ocan Odoki of Arua have been elected to the Committee of Bishops...
Body of drowned Lubaga Hospital PR found
The body of Joan Twizere Uwimana, who has been the communication and fundraising manager of Rubaga Hospital, has been recovered, three days after she drowned at Itanda falls....
Bukenya to Gov’t: I don’t need your money
Former Vice President, Gilbert Bukenya, has said he does not need any money from the Government saying he has enough money to look after his family....
Bamwine dismisses claims of mafia in judiciary
PRINCIPAL Judge Yorokamu Bamwine has dismissed as baseless allegations that there are mafias in the Judiciary. He has also denied that case court files disappear...
Court petitioned to disband interim Red Cross board
Ssebunya filed a civil suit at the High Court in Kampala against URCS seeking a pronouncement that the Interim board has no mandate to restructure the organisation...
Should private schools and institutions be given tax exemption?
Yes
No
Can't Say
follow us
subscribe to our news letter