The new policy announced Tuesday by the Secretariat for the Economy bans speculative investments, short selling and investing in highly leveraged or complex financial products or in countries vulnerable to money laundering and terrorist financing.
The policy follows a decade of efforts, first by Pope Benedict XVI and then Pope Francis, to try to clean up the Vatican's murky finances and its reputation as an off-shore tax haven with little or no expertise, oversight or accountability guiding investment decisions. Ten people, including a cardinal, Italian brokers and former Vatican officials, have been on trial for a year on a range of alleged financial crimes.
He originally was a prime suspect in the investigation but flipped and became the prosecution's star witness.
Invest in the youth!
What is this common good they speak of? Porn isn't negative unless it's forced (trafficked / PIMPed / Child) Guns are meh bc its mental health ...if they really wanna help the world talk the truth about how they corrupted Truth for control and power Jesus Truth isn't taught
Belgique Dernières Nouvelles, Belgique Actualités
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