It just makes sense that the smallest private country (or sovereign state) in the world should comply with the international laws if for no other reason than to prove that they aren't hiding anything. Pope Benedict just signed an executive order guaranteeing adherence to the guidelines. I think it's about time that transparency is established in the Catholic Church.
. . June
-----------------------
New Vatican Laws to Comply with International Standards:
The Vatican introduced a set of laws to allow its fraud, counterfeiting, terrorism prevention, and transparency standards to comply with international benchmarks. An investigation on the Vatican bank is currently being conducted due to money laundering concerns.
An executive order or a “Motu Proprio” was signed by Pope Benedict to set up internal laws that guarantees adherence to guidelines and coordinate with foreign agencies by the bank and other units of the Vatican.
This was the Vatican’s most significant move to conform to international requirements of additional transparency in its finances.
According to a statement issued by the Vatican, all organizations connected to the Catholic Church administration will take part in the system of legal standard and means created by the international community in order to ensure fair and sincere coexistence within the gradually globalized world.
The latest Vatican City laws intend to allow it to adhere to the regulations set by the Financial Action task Force, an organization based in Paris which keeps a list of countries that do not conform to the terrorism funding and money laundering standards. Vatican City is a sovereign state within Rome which occupies 108 acres of land.
Read entire article
---------------
Vatican In The News
Italian authorities have seized $30 million from Vatican accounts and placed the bank's president and chief executive under investigation.
Sunday, January 2, 2011
Thursday, December 9, 2010
The VATICAN BANK And The Money Laundering Probe
The Vatican Bank has a history of secrecy, and this incident isn't any different. According to the article posted below, the Vatican calls the seizure of bank account assets a "misunderstanding" and expresses optimism it will be quickly cleared up. But court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws with the aim of hiding the ownership, destination and origin of the capital. The outcome of this will be very interesting!
. . . June
-------------------------
Vatican Bank mired in laundering scandal
Ventura County Star:
VATICAN CITY (AP) — This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Nevertheless, the Institute for Religious Works is a bank, and it's under harsh new scrutiny in a case involving money-laundering allegations that led police to seize €23 million ($30 million) in Vatican assets in September. Critics say the case shows that the 'Vatican Bank' has never shed its penchant for secrecy and scandal.
. . . June
-------------------------
Vatican Bank mired in laundering scandal
Ventura County Star:
VATICAN CITY (AP) — This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Nevertheless, the Institute for Religious Works is a bank, and it's under harsh new scrutiny in a case involving money-laundering allegations that led police to seize €23 million ($30 million) in Vatican assets in September. Critics say the case shows that the 'Vatican Bank' has never shed its penchant for secrecy and scandal.
The Vatican calls the seizure of assets a "misunderstanding" and expresses optimism it will be quickly cleared up. But court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws "with the aim of hiding the ownership, destination and origin of the capital." The documents also reveal investigators' suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.
The documents pinpoint two transactions that have not been reported: one in 2009 involving the use of a false name, and another in 2010 in which the Vatican Bank withdrew €650,000 ($860 million) from an Italian bank account but ignored bank requests to disclose where the money was headed.
The new allegations of financial impropriety could not come at a worse time for the Vatican, already hit by revelations that it sheltered pedophile priests. The corruption probe has given new hope to Holocaust survivors who tried unsuccessfully to sue in the United States, alleging that Nazi loot was stored in the Vatican Bank.
Yet the scandal is hardly the first for the centuries-old bank. In 1986, a Vatican financial adviser died after drinking cyanide-laced coffee in prison. Another was found dangling from a rope under London's Blackfriars Bridge in 1982, his pockets stuffed with money and stones. The incidents blackened the bank's reputation, raised suspicions of ties with the Mafia, and cost the Vatican hundreds of millions of dollars in legal clashes with Italian authorities.
On Sept. 21, financial police seized assets from a Vatican Bank account at the Rome branch of Credito Artigiano SpA. Investigators said the Vatican had failed to furnish information on the origin or destination of the funds as required by Italian law.
Read more
------------------------
The documents pinpoint two transactions that have not been reported: one in 2009 involving the use of a false name, and another in 2010 in which the Vatican Bank withdrew €650,000 ($860 million) from an Italian bank account but ignored bank requests to disclose where the money was headed.
The new allegations of financial impropriety could not come at a worse time for the Vatican, already hit by revelations that it sheltered pedophile priests. The corruption probe has given new hope to Holocaust survivors who tried unsuccessfully to sue in the United States, alleging that Nazi loot was stored in the Vatican Bank.
Yet the scandal is hardly the first for the centuries-old bank. In 1986, a Vatican financial adviser died after drinking cyanide-laced coffee in prison. Another was found dangling from a rope under London's Blackfriars Bridge in 1982, his pockets stuffed with money and stones. The incidents blackened the bank's reputation, raised suspicions of ties with the Mafia, and cost the Vatican hundreds of millions of dollars in legal clashes with Italian authorities.
On Sept. 21, financial police seized assets from a Vatican Bank account at the Rome branch of Credito Artigiano SpA. Investigators said the Vatican had failed to furnish information on the origin or destination of the funds as required by Italian law.
Read more
------------------------
Monday, November 22, 2010
Use Of Condoms Sometimes OK to stop AIDS: Pope
Using condoms may sometimes be justified to stop the spread of AIDS, Pope Benedict says in a new book, in a major shift that relaxes one of the Vatican's most controversial positions on their use to combat the disease, according to the following article. The pope's words in the book to be published on Tuesday -- while limited in scope and which do not change the Catholic ban on contraception -- were nonetheless greeted as abreakthrough by dissident Catholics, AIDS workers and commentators. It appears to open the door just a crack to a potential change in Church policy.
. . . June
--------------------------------
Condoms sometimes permissible to stop AIDS: Pope
Top News | Reuters:
VATICAN CITY (Reuters) - Using condoms may sometimes be justified to stop the spread of AIDS, Pope Benedict says in a new book, in a major shift that relaxes one of the Vatican's most controversial positions on their use to combat the disease.
The pope's words in the book to be published on Tuesday -- while limited in scope and which do not change the Catholic ban on contraception -- were nonetheless greeted as abreakthrough by dissident Catholics, AIDS workers and commentators.
"It is a marvelous victory for common sense and reason, a major step forward toward recognizing that condom use can play a vital role in reducing the future impact of the HIV pandemic, said Jon O'Brien, head of the U.S. group Catholics for Choice.
In the 219-page book, "Light of the World," the pope also speaks frankly about the possibility that he could resign for health reasons and defends wartime pontiff Pius XII against Jewish accusations that he turned a blind eye to the Holocaust.
He says scandals of sexual abuse of minors by priests. were "an unprecedented shock," even though he had followed the issue for years, and says he can understand why people might quit the Church in protest.
But it is the section on condoms in the book -- a long interview with German Catholic journalist Peter Seewald -- that marked a crack in the once tightly shut door of Church policy.
He cites the example of the use of condoms by prostitutes as "a first step toward moralization," even though condoms are "not really the way to deal with the evil of HIV infection."
Read entire article
-----------------------
. . . June
--------------------------------
Condoms sometimes permissible to stop AIDS: Pope
Top News | Reuters:
VATICAN CITY (Reuters) - Using condoms may sometimes be justified to stop the spread of AIDS, Pope Benedict says in a new book, in a major shift that relaxes one of the Vatican's most controversial positions on their use to combat the disease.
The pope's words in the book to be published on Tuesday -- while limited in scope and which do not change the Catholic ban on contraception -- were nonetheless greeted as abreakthrough by dissident Catholics, AIDS workers and commentators.
"It is a marvelous victory for common sense and reason, a major step forward toward recognizing that condom use can play a vital role in reducing the future impact of the HIV pandemic, said Jon O'Brien, head of the U.S. group Catholics for Choice.
In the 219-page book, "Light of the World," the pope also speaks frankly about the possibility that he could resign for health reasons and defends wartime pontiff Pius XII against Jewish accusations that he turned a blind eye to the Holocaust.
He says scandals of sexual abuse of minors by priests. were "an unprecedented shock," even though he had followed the issue for years, and says he can understand why people might quit the Church in protest.
But it is the section on condoms in the book -- a long interview with German Catholic journalist Peter Seewald -- that marked a crack in the once tightly shut door of Church policy.
He cites the example of the use of condoms by prostitutes as "a first step toward moralization," even though condoms are "not really the way to deal with the evil of HIV infection."
Read entire article
-----------------------
Thursday, November 11, 2010
5 ANGLICAN BISHOPS Will Be Welcomed By The Vatican
With a joint letter of resignation, 5 Anglican bishops plan to join the Roman Catholic Church, according to the following article. One of the reasons may have been the permitting of women bishops and the blessing of homosexual unions that the Anglicans had embraced. The Vatican is making plans to welcome them
. . . June
----------------------------
As bishops convert, Vatican moving on plan to welcome Anglicans
Catholic News Agency (CNA):
Vatican City, Nov 10, 2010 / 04:06 pm (CNA/EWTN News).- Just weeks after a papal pilgrimage to England, the announcement that five Anglican bishops plan to resign by year’s end and join the Catholic Church is setting wheels in motion at the Vatican.
The Nov. 8 announcement seems to have caught Vatican officials by surprise. And the question of just how these bishops and other former members of the Church of England will enter the Catholic Church has quickly become an important topic of discussion inside the Vatican.
The bishops — Andrew Burnham of Ebbsfleet, Keith Newton of Richborough, and John Broadhurst of Fulham, along with retired bishops Edwin Barnes and David Silk — cited Pope Benedict XVI’s “generous” invitation last year to Anglicans who are seeking “full communion” with the Catholic Church.
In Nov. 2009, the Pope issued the invitation in an apostolic constitution, "Anglicanorum Coetibus.” The document proposed that former Anglicans could enter into “full communion” with the Church as members of specially-tailored jurisdictions, or “personal ordinariates.”
According to the Pope’s plan, these jurisdictions would be under the authority of local Catholic bishops, but members could maintain their “liturgical, spiritual and pastoral traditions,” including the traditional permission for priests to be married.
With the five bishops’ announcement, eyes are now on the Vatican’s Congregation for the Doctrine of the Faith, which has yet to provide details on the final shape these ordinariates, might take.
But a timetable does seem to be on the horizon. The doctrine office’s head, Cardinal William Levada, will be leading a special closed-door discussion of the matter with the College of Cardinals on Nov. 19.
One of the resigning bishops, Bishop John Broadhurst, told CNA that his decision to leave the Church of England came after many years of hoping that the Anglicans would move closer to Rome.
Instead, he said, Anglicans have distanced themselves further by embracing such radical departures from Christian tradition as permitting women bishops and blessing homosexual unions.
. . . . In their joint letter of resignation, the five bishops said they were “distressed by developments … in Anglicanism which we believe to be incompatible with the historic vocation of Anglicanism and the tradition of the Church for nearly two thousand years.”
Read entire article
---------------------
Interesting. Do you think that the Church of England position of allowing women bishops and blessing homosexual unions is correct or the position of the Roman Catholic Church, which, so far allows neither. Please leave a comment.
June
-------
. . . June
----------------------------
As bishops convert, Vatican moving on plan to welcome Anglicans
Catholic News Agency (CNA):
Vatican City, Nov 10, 2010 / 04:06 pm (CNA/EWTN News).- Just weeks after a papal pilgrimage to England, the announcement that five Anglican bishops plan to resign by year’s end and join the Catholic Church is setting wheels in motion at the Vatican.
The Nov. 8 announcement seems to have caught Vatican officials by surprise. And the question of just how these bishops and other former members of the Church of England will enter the Catholic Church has quickly become an important topic of discussion inside the Vatican.
The bishops — Andrew Burnham of Ebbsfleet, Keith Newton of Richborough, and John Broadhurst of Fulham, along with retired bishops Edwin Barnes and David Silk — cited Pope Benedict XVI’s “generous” invitation last year to Anglicans who are seeking “full communion” with the Catholic Church.
In Nov. 2009, the Pope issued the invitation in an apostolic constitution, "Anglicanorum Coetibus.” The document proposed that former Anglicans could enter into “full communion” with the Church as members of specially-tailored jurisdictions, or “personal ordinariates.”
According to the Pope’s plan, these jurisdictions would be under the authority of local Catholic bishops, but members could maintain their “liturgical, spiritual and pastoral traditions,” including the traditional permission for priests to be married.
With the five bishops’ announcement, eyes are now on the Vatican’s Congregation for the Doctrine of the Faith, which has yet to provide details on the final shape these ordinariates, might take.
But a timetable does seem to be on the horizon. The doctrine office’s head, Cardinal William Levada, will be leading a special closed-door discussion of the matter with the College of Cardinals on Nov. 19.
One of the resigning bishops, Bishop John Broadhurst, told CNA that his decision to leave the Church of England came after many years of hoping that the Anglicans would move closer to Rome.
Instead, he said, Anglicans have distanced themselves further by embracing such radical departures from Christian tradition as permitting women bishops and blessing homosexual unions.
. . . . In their joint letter of resignation, the five bishops said they were “distressed by developments … in Anglicanism which we believe to be incompatible with the historic vocation of Anglicanism and the tradition of the Church for nearly two thousand years.”
Read entire article
---------------------
Interesting. Do you think that the Church of England position of allowing women bishops and blessing homosexual unions is correct or the position of the Roman Catholic Church, which, so far allows neither. Please leave a comment.
June
-------
Sunday, November 7, 2010
Catholic Church Scandal Over PAPAL KNIGHTHOOD of Kufuor
Recently, The Roman Catholic Church conferred the most pretigious Papal Knighthood on ex-President John Agyekum Kufuor of Ghana, according to the article below. Apparently, someone forgot to do due diligence because they overlooked the fact that Kufuor was a senior member of the Freemasons, long-hated by the Catholic Church. Whoops!
. . . June
------------------------
Scandal Hits Catholic Church
General News 2010-11-06:
…Over Kufour’s Knighthood
A scandal is erupting within the Roman Catholic Church over the recent conferment of the prestigious Knight Commanderhood Order of Pope Pius IX on ex-President John Agyekum Kufuor by Pope Benedict XVI.
A damning article in circulation within the Roman Catholic Church reveals the ex-president’s senior membership status of a powerful secret society in the UK, called the United Grand Lodge of Ancient, Free and Accepted Masons of England, which he served as a Senior Grand Deacon (SGD) and a Grand Sword Bearer (PGSwdB
The Freemasons are bitterly abhorred by the Vatican, and all Roman Catholic worshipers have been prohibited by the Pope himself from joining. Anybody who disobeys this order automatically ceases to be a member of the church.
The article also questioned the selection of Mr. Kufuor for the conferment in the face of his alleged adulterous affairs with Gizzle Yadzi, endemic corruption, murders, narcotic drugs afloat the shores of Ghana during his tenure as president and his membership of a secret society, the Freemasons.
A member of the church, Dominic Sagoe, Ghanaian resident in Norway, wrote the article and insists that Mr. Kufuor is undeserving of the knighthood because he is not a Roman Catholic, but rather an Anglican who became a catholic under bizarre circumstance.
It also accused the Ghana Catholic Bishops Conference of hypocrisy and the Catholic Standard Newspaper of dishonesty.
While the article reveals that Ghana Catholic Bishops for whatever reason, failed to do due diligence on Mr. Kufuor before presenting his name to Pope Benedict XVI, for the title to be conferred on him, it also exposes a situation where Mr. Kufuor committed sacrilege by dishonestly receiving the award knowing he is not supposed to by virtue of his membership of a Lodge.
The revelation also puts his wife, Mrs. Theresa Kufuor, in collision course with both the Vatican and the Ghana Catholic Bishops for not drawing their attention to her husband’s membership of a secret society which the church has banned its members from joining.
The Catholic Church has been a persistent critic of Freemasonry. Since the early 18th century, the Vatican has issued several papal bulls banning membership of Catholics from Freemasonry under threat of excommunication. Currently, as reiterated in 1983, Catholics who become Masons are in a state of Grave sin and may not receive Holy Communion, but the penalty of excommunication is not formally declared.
The Church argues that Freemasonry’s philosophy is antithetical to Christian doctrine and that it is at many times and places anti-clerical in intent. The 1913 edition of the Catholic Encyclopedia argued that some of the ceremonial in the Scottish Rite is anti-Catholic. The Masonic use of Biblical imagery is also seen by the Catholic Church being done in a way that suggests antichrist.
Read More
---------------------------
. . . June
------------------------
Scandal Hits Catholic Church
General News 2010-11-06:
…Over Kufour’s Knighthood
A scandal is erupting within the Roman Catholic Church over the recent conferment of the prestigious Knight Commanderhood Order of Pope Pius IX on ex-President John Agyekum Kufuor by Pope Benedict XVI.
A damning article in circulation within the Roman Catholic Church reveals the ex-president’s senior membership status of a powerful secret society in the UK, called the United Grand Lodge of Ancient, Free and Accepted Masons of England, which he served as a Senior Grand Deacon (SGD) and a Grand Sword Bearer (PGSwdB
The Freemasons are bitterly abhorred by the Vatican, and all Roman Catholic worshipers have been prohibited by the Pope himself from joining. Anybody who disobeys this order automatically ceases to be a member of the church.
The article also questioned the selection of Mr. Kufuor for the conferment in the face of his alleged adulterous affairs with Gizzle Yadzi, endemic corruption, murders, narcotic drugs afloat the shores of Ghana during his tenure as president and his membership of a secret society, the Freemasons.
A member of the church, Dominic Sagoe, Ghanaian resident in Norway, wrote the article and insists that Mr. Kufuor is undeserving of the knighthood because he is not a Roman Catholic, but rather an Anglican who became a catholic under bizarre circumstance.
It also accused the Ghana Catholic Bishops Conference of hypocrisy and the Catholic Standard Newspaper of dishonesty.
While the article reveals that Ghana Catholic Bishops for whatever reason, failed to do due diligence on Mr. Kufuor before presenting his name to Pope Benedict XVI, for the title to be conferred on him, it also exposes a situation where Mr. Kufuor committed sacrilege by dishonestly receiving the award knowing he is not supposed to by virtue of his membership of a Lodge.
The revelation also puts his wife, Mrs. Theresa Kufuor, in collision course with both the Vatican and the Ghana Catholic Bishops for not drawing their attention to her husband’s membership of a secret society which the church has banned its members from joining.
The Catholic Church has been a persistent critic of Freemasonry. Since the early 18th century, the Vatican has issued several papal bulls banning membership of Catholics from Freemasonry under threat of excommunication. Currently, as reiterated in 1983, Catholics who become Masons are in a state of Grave sin and may not receive Holy Communion, but the penalty of excommunication is not formally declared.
The Church argues that Freemasonry’s philosophy is antithetical to Christian doctrine and that it is at many times and places anti-clerical in intent. The 1913 edition of the Catholic Encyclopedia argued that some of the ceremonial in the Scottish Rite is anti-Catholic. The Masonic use of Biblical imagery is also seen by the Catholic Church being done in a way that suggests antichrist.
Read More
---------------------------
Friday, October 29, 2010
Are THE POPE And Stephen Hawkins Saying The Same Thing?
The Pope told scientists that their research can lead to knowledge of God by revealing the natural order of the universe. Stephen Hawkins, in his new book earlier this month said that the universe can and will create itself from nothing because of Law.. I believe that they are both saying the same thing.. They are both talking about the Natural Laws of the Universe.
. . . June
-------------------------
Pope says science can unite humans with God
The Christian Century:
VATICAN CITY (RNS) Pope Benedict XVI told scientists that their research can lead to knowledge of God by revealing the natural order of the universe.
The pope made his remarks on Thursday (Oct. 28) before a plenary session of the Pontifical Academy of Sciences at the Vatican.
The evident logic governing the universe 'leads us to admit the existence of an all-powerful Reason, which is other than that of man, and which sustains the world,' Benedict said.
"This is the meeting point between the natural sciences and religion," the pope said. "As a result, science becomes a place of dialogue, a meeting between man and nature and, potentially, even between man and his Creator."
The academy is a group of 80 eminent scientists, including more than two dozen Nobel laureates, who promote research into natural science and related philosophical issues. Membership is without regard to religious affiliation.
One of the academy's most famous members, British physicist Stephen Hawking, provoked controversy last month by arguing in a new book that the existence of the universe provides no evidence of the existence of God.
"Because there is a law such as gravity, the universe can and will create itself from nothing," Hawking wrote. "It is not necessary to invoke God to light the blue touch paper and set the universe going."
Read entire article
-----------------
. . . June
-------------------------
Pope says science can unite humans with God
The Christian Century:
VATICAN CITY (RNS) Pope Benedict XVI told scientists that their research can lead to knowledge of God by revealing the natural order of the universe.
The pope made his remarks on Thursday (Oct. 28) before a plenary session of the Pontifical Academy of Sciences at the Vatican.
The evident logic governing the universe 'leads us to admit the existence of an all-powerful Reason, which is other than that of man, and which sustains the world,' Benedict said.
"This is the meeting point between the natural sciences and religion," the pope said. "As a result, science becomes a place of dialogue, a meeting between man and nature and, potentially, even between man and his Creator."
The academy is a group of 80 eminent scientists, including more than two dozen Nobel laureates, who promote research into natural science and related philosophical issues. Membership is without regard to religious affiliation.
One of the academy's most famous members, British physicist Stephen Hawking, provoked controversy last month by arguing in a new book that the existence of the universe provides no evidence of the existence of God.
"Because there is a law such as gravity, the universe can and will create itself from nothing," Hawking wrote. "It is not necessary to invoke God to light the blue touch paper and set the universe going."
Read entire article
-----------------
Monday, October 18, 2010
Could The VATICAN Owe 8 Billion Euros in Back Taxes?
Apparently, eight billion euros worth of tax breaks enjoyed by the Catholic Church in Italy could be in breach of European law and may have to be repaid, according to the article below. The question is whether the European Commission decides Church-run businesses should really be considered as commercial enterprises. I have to assume that if that's the case, there must be lots of other religious institutions in the same boat.
. . . June
----------------------------------
Vatican May Owe €8 Billion in Back Taxes
Free Market Mojo:
Eight billion euros worth of tax breaks pocketed by the Catholic Church in Italy could be in breach of European law and may have to be repaid, it has emerged.
The European Commission has said that tax relief on 100,000 Italian properties enjoyed by the Holy See since 2005 was under the spotlight, after announcing an “in-depth” investigation.
A spokesperson for Competition Commissioner Joaquin Almunia said the EC suspected the exemption amounted to state aid that was at odds with European Union law.
“These exemptions may distort competition,” he said. “Thus far, Italian authorities have not provided sufficient evidence to enable the Commission to conclude that the contested measures are justified by the principles of the Italian tax system”.
The crux is whether the EC decides Church-run businesses should really be considered as commercial enterprises and therefore liable to taxation.
If Italy is found to have violated EU subsidy laws, it will have to cancel the exemption and seek reimbursement from the church. If that happened, the financial consequences for the Catholic Church would be grave.
Read entire article
-----------
. . . June
----------------------------------
Vatican May Owe €8 Billion in Back Taxes
Free Market Mojo:
Eight billion euros worth of tax breaks pocketed by the Catholic Church in Italy could be in breach of European law and may have to be repaid, it has emerged.
The European Commission has said that tax relief on 100,000 Italian properties enjoyed by the Holy See since 2005 was under the spotlight, after announcing an “in-depth” investigation.
A spokesperson for Competition Commissioner Joaquin Almunia said the EC suspected the exemption amounted to state aid that was at odds with European Union law.
“These exemptions may distort competition,” he said. “Thus far, Italian authorities have not provided sufficient evidence to enable the Commission to conclude that the contested measures are justified by the principles of the Italian tax system”.
The crux is whether the EC decides Church-run businesses should really be considered as commercial enterprises and therefore liable to taxation.
If Italy is found to have violated EU subsidy laws, it will have to cancel the exemption and seek reimbursement from the church. If that happened, the financial consequences for the Catholic Church would be grave.
Read entire article
-----------
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