Vatican imposes new investment policy amid financial scandal

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

The Vatican has centralized and overhauled its investment strategy after a botched deal lost tens of millions of euros, imposing a policy that prohibits investments in products such as pornography and weapons and prioritizes prudent investing in industries that promote the common good.

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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

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

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 1. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Investment banks pivot from frantic hiring to weighing job cuts amid dealmaking slumpEquity capital markets desks are bracing for a wave of job cuts amid a collapse in deal flow, sources say. Find out more.
Fuente: nationalpost - 🏆 10. / 80 Leer más »

Investment banks pivot from frantic hiring to weighing job cuts amid dealmaking slumpEquity capital markets desks are bracing for a wave of job cuts amid a collapse in deal flow, sources say. Find out more.
Fuente: fpinvesting - 🏆 43. / 63 Leer más »