Pope Francis cracks down on corruption among Vatican managers; issues new anti-corruption regulations

Pope Francis issued tough new anti-corruption regulations Thursday that require Vatican cardinals and managers to periodically declare they are investing only in funds consistent with Catholic doctrine and aren’t under criminal investigation or stashing money in tax havens.

A new law published Thursday also contains a prohibition that, if broadly applied, would amount to a revolution in curial culture: It prohibits any Vatican employee from receiving work-related gifts with a value of over 40 euros ($48).

While “work-related” will likely be open to some interpretation, the prohibition is clearly aimed at cutting down on the sometimes lavish gifts that Vatican officials are accustomed to receiving from wealthy benefactors, friends and fellow clerics.

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Source: Associated Press – NICOLE WINFIELD