Pope Issues Tougher Anti-Corruption Regulations For Vatican Officials
Fahad Shabbir (@FahadShabbir) Published April 30, 2021 | 12:05 AM
Pope Francis has signed a special apostolic letter containing a set of new anti-corruption regulations aimed at fighting corruption and ensuring financial transparency following a financial scandal over Vatican's purchase of luxury property in London
ROME (UrduPoint News / Sputnik - 29th April, 2021) Pope Francis has signed a special apostolic letter containing a set of new anti-corruption regulations aimed at fighting corruption and ensuring financial transparency following a financial scandal over Vatican's purchase of luxury property in London.
The text of the letter was circulated by the Holy See Press Office on Thursday.
Under the regulations, senior Vatican officials and administrative staff cannot have assets in tax havens or invest in businesses that violate the Christian doctrine. According to the document, the cardinals leading dicasteries or other offices, senior management and administrators of the Holy See and Vatican City State are prohibited from having investments in "countries included in the list of jurisdictions with a high risk of money laundering or terrorist financing.
"
Additionally, Vatican's senior officials, whose jobs involve handling money, will be required to sign a declaration every two years attesting that they have not been convicted of or investigated for corruption, fraud, money laundering, tax evasion and other crimes.
All Vatican officials and staff cannot accept personal gifts with a monetary value of over 40 Euros (about $50).
The Secretariat for the Economy is authorized to verify the truth of the statements, and false declarations will be punished under the Vatican law.
The new regulations are based on international best practices on corruption and financial transparency and further build on the Pope's May 2020 motu proprio (a letter issued on his personal initiative) on transparency in awarding public contracts.
Related Topics
Recent Stories
PSX achieves significant milestone, surpasses 72,000 mark
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
Finance Minister lauds UNDP’s unwavering support during floods
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
More Stories From World
-
Blinken back in China seeking pressure but also stability
6 minutes ago -
'So hot you can't breathe': Extreme heat hits the Philippines
16 minutes ago -
In Tajikistan, climate migrants flee threat of fatal landslides
16 minutes ago -
Football: Italian Cup result
26 minutes ago -
Biden pledges swift weapons delivery to Ukraine
26 minutes ago -
China announces new partners for International Lunar Research Station
1 hour ago
-
Astronauts of China's Shenzhou-18 mission meet press
1 hour ago -
Partial power outage at Fukushima plant, water release suspended
1 hour ago -
China renews blue alert for rainstorms
1 hour ago -
China's overnight Shibor interbank rate decreases Wednesday
1 hour ago -
Means of production prices mostly rise in China
1 hour ago -
China's Chang'e-7 lunar mission to carry instruments developed through int'l cooperation
1 hour ago