Vatican "Francis Cancels Salaries of Cardinals Overseeing Bank"

adnkronos
April 19, 2013

http://www.adnkronos.com/IGN/Aki/English/Religion/Vatican-Francis-cancels-salaries-of-cardinals-overseeing-bank_32108891235.html


Vatican City, 19 April (AKI) - In a further sign of his wish for a 'poor church' Pope Francis has cancelled the annual stipend of 25,000 euros paid to each of five cardinals who oversee the Vatican Bank, the 'Vatican Insider' website reported on Friday.

The Vatican Bank has come under fire in recent years for alleged money laundering.

Last year European regulators said the Vatican bank was not doing enough to combat money laundering, and in September, the Holy See hired a Swiss anti-money-laundering lawyer in its bid to enter a 'white list' of states judged to respect international standards on fighting money laundering and terrorism financing.

A major money-laundering scandal in 2011 led to the ouster of former Vatican Bank president Ettore Gotti Tedeschi by the bank's five-cardinal board in late May last year.