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    Oct 21, 2014

    Cathedral wins Western Mass. golf title


    (Photo courtesy of Cathedral High School)

    By Peggy Weber
    SPRINGFIELD -- The Cathedral High School golf team flew under the radar during the 2014 season until it soared

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    Oct 20, 2014

    Terrorism in Mideast has reached 'unimaginable proportions,' pope says

    By Carol Glatz
    Catholic News Service
    (CNS photos/Maria Grazia Picciarella, pool)

    VATICAN CITY (CNS) -- The Middle East, especially Iraq and Syria, are experiencing "terrorism of previously unimaginable proportions" in which the perpetrators seem to have absolutely no regard for the value of human life, Pope Francis said.

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    Oct 20, 2014

    Couples renew vows, receive bishop’s blessing at Anniversary Mass

    Story and photos by David Martin
    SPRINGFIELD – Couples marking milestone wedding anniversaries said their faith in God and trust in each other are the cornerstones of

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    Oct 20, 2014

    Local Life Chain sends pro-life message to motorists

    Story and photos by Jeremiah Begley
    LONGMEADOW – The 2014 edition of the Life Chain, a peaceful pro-life demonstration, brought together about 35 men, women, children, and  


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.