Pope steps up financial controls at Vatican to fight corruption
VATICAN CITY (AFP) - Pope Francis intensified the fight against corruption in the Vatican on Thursday, strengthening the law to counter "money laundering, the financing of terrorism and the proliferation of weapons of mass destruction."
The short "Motu Proprio", a decree of Pope Francis's own initiative, strengthens the supervision of financial transactions "in response to a recommendation of the Moneyval Committee," the European watchdog which carried out a review of the Vatican bank last year.
The decree is just the latest in a series of bold moves on the part of the pontiff to clean up the institution's murky financial image.
"It is a means of ensuring the road (towards transparency) continues," Vatican spokesman Federico Lombardi said in a press conference.