Pope Francis has approved a new law strengthening the oversight of Vatican-related foundations and nonprofit organizations as well as detailing sanctions and clarifying existing norms on transparency, accountability and mandated compliance with anti-money laundering measures.
VATICAN CITY (CNS) Pope Francis has approved a new law strengthening the oversight of Vatican-related foundations and nonprofit organizations as well as detailing sanctions and clarifying existing norms on transparency, accountability and mandated compliance with anti-money laundering measures.
The new law, which takes effect Dec. 8, applies to all legal persons or entities dedicated to a specific purpose and that are connected to the Holy See or Vatican City State.
These entities include
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