National
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
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
Domestic violence
Domestic violence is ranking highly among the leading causes of malnutrition in children in Kisoro and other districts of western Uganda, hence becoming a prevalent social problem....
Mbabazi meetings: lawyers meet Police
The Police legal department were on Tuesday afternoon locked up in a meeting with former Prime Minister, Amama Mbabazi’s legal team at the Police headquarters at Naguru....
Schools told to start EAC clubs
Schools in Uganda have been advised to start forming East African Community (EAC) clubs for strengthened integration of youths into EAC affairs....
Uganda tightens border checks over illicit brew
Ugandan authorities have tightened checks on the importation of alcohol from Kenya as authorities in Nairobi intensify the crackdown on illicit brew that has killed over 80 people since last year....
Rising child prostitution worries Bugiri activists
Human rights activists in Bugiri district are concerned about the continued rise in trafficking of underage girls into commercial sex....
Dr Mungherera retires from civil service
Dr Margaret Mungherera, a long-serving medical practitioner has retired from civil service after 31 years. Mungherera, who has been a senior consultant psychiatrist at Mulago, revealed at a meeting in Kampala on Monday that her tenure had come to an end on June 30....
Do you think Ugandan graduates are the worst in the region?
Yes
No
Can't Say
follow us
subscribe to our news letter