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Pope steps up financial controls at Vatican

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(Globalpost/GlobalPost)

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 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 last year.

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http://www.globalpost.com/dispatch/news/afp/130808/pope-steps-financial-controls-at-vatican