Vatican financial regulators sacked
Publish Date: Jun 06, 2014
Vatican financial regulators sacked
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
  • mail
  • img

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


 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

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Hundreds fail UPDF recruitment tests in Kasese
HUNDREDS of youths were on Sunday turned away at Kasese municipality Booma grounds after they failed to meet the requirements to join the Uganda People’s Defense Forces...
EAC IGGs call for govts
EAST African anti-corruption authorities have called for more commitment and political will from the regional governments to fight corruption...
IN PICTURES: Kampala City Carnival
FOOD, cultural diversity, music, partying, business and happy people is what Kampala has welcomed as the fourth Kampala City Carnival is underway...
Public warned against using spring water
THE directorate of water development has warned people in urban settings against using spring water because it is contaminated...
Kampala City Carnival gets underway
FOOD, cultural diversity, music, partying, business, happy people is what Kampala welcomes as the fourth Kampala City Carnival gets underway...
Measles vaccination kicks off
MEASLES vaccination has kicked off well with officials commending the masses for the high turn up. The countrywide exercise started in Soroti town with a march through the streets led by district...
Should sachet waragi be banned?
Can't Say
follow us
subscribe to our news letter