TOP STORIES

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    Jul 27, 2014

    Westfield parish ready to welcome 'Weird Animals'


    (Photos courtesy of Our Lady of the Blessed Sacrament Parish)

    Staff report
    WESTFIELD – A roundup of animals is underway inside the parish center of Our Lady of the Blessed Sacrament Church, here.

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    Jul 27, 2014

    Pope makes heartfelt appeal on behalf of child victims of war


    (Photos courtesy of Bing images) 

    ROME (Zenit.org) -- During his Angelus address on Sunday, Pope Francis issued a heartfelt appeal on behalf of the world’s child victims of war,

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    Jul 27, 2014

    Bishops: To end border crisis, address issues forcing people to flee


    (CNS photo/Ross D. Franklin, pool via Reuters)

    By Catholic News Service
    WASHINGTON (CNS) -- To end the U.S.-Mexico border crisis, the United States must address the flow of illegal drugs and arms and the

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    Jul 26, 2014

    Archbishop Chaput says pope will visit Philadelphia in September 2015


    (CNS photo/Nancy Wiechec)

    By Nancy Wiechec, Catholic News Service
    FARGO, N.D. (CNS) -- Philadelphia Archbishop Charles J. Chaput said Pope Francis has accepted his invitation to attend the World Meeting of Families


Jun 5, 2014

Pope internationalizes Vatican financial watchdog agency


 

WORLD

By Carol Glatz
Catholic News Service
(CNS file photo/Paul Haring)

VATICAN CITY (CNS) -- Pope Francis named a slate of new members to the Vatican's financial watchdog agency, replacing an all-Italian panel with members from Italy, Switzerland, Singapore and the United States.

Cardinal Pietro Parolin, Vatican secretary of state, also promoted Tommaso Di Ruzza, an Italian, to be the agency's "ad interim" vice-director. A former official at the Pontifical Council for Justice and Peace, Di Ruzza had been an assistant at the financial authority, which is directed by Rene Brulhart.

The Vatican made the announcements June 5.

Pope Benedict XVI established the Financial Intelligence Authority in late 2010 to monitor Vatican financial operations and ensure they met international norms against money laundering and the financing of terrorism.

In November 2013, Pope Francis revised the agency's statutes. He clarified the roles of the authority's president, board of directors and director, and specified that it would have two separate offices: one concerned with supervision and regulation, the other with financial intelligence.

New finance laws passed in October formally expanded the competence of the Financial Intelligence Authority by including the task of "preventive" vigilance, which involves ensuring the proper organization and trustworthiness of all Vatican financial operations.

As part of the restructuring, Pope Francis thanked the departing five executive council members, who had been named by Pope Benedict in 2011.

The new members, named for a five-year term, are:

-- Juan C. Zarate, a U.S. senior adviser at the Center for Strategic and International Studies and visiting lecturer at Harvard Law School. He is also works as a national security and financial integrity consultant, once serving the U.S. government from 2005 to 2009 as deputy national security adviser for combating terrorism.

-- Maria Bianca Farina, a top Italian administrator at the Italian postal system's investment and insurance divisions, Poste Vita and Poste Assicura. She is an expert in tax audits and investment management.

-- Marc Odendall, a Swiss-based philanthropist and chairman of the Odendall Foundation. A former financier who has worked at JPMorgan and Merrill Lynch Capital Markets, he has served as chairman of the International Ethics Board of EDHEC Business School and is a board member of the Caritas in Veritate Foundation.

-- Joseph Yubaraj Pillay, chairman of the Council of Presidential Advisers of the Republic of Singapore and of Tiger Airways Holdings. He formerly served as chairman of Singapore Airlines and of the Singapore stock exchange.