National Catholic Reporter

The Independent News Source

Accountability

Vatican seeks expanded Moneyval review to show compliance efforts

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A major European regulator will conduct an expanded evaluation of the Vatican's latest efforts to prevent money laundering and the funding of terrorism.

Moneyval, the monitoring Committee of the Council of Europe, agreed Tuesday to expand its next scheduled review of Vatican policies and procedures. The decision came in response to a request from the Vatican.

$10 million LA settlement first since document release

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While Cardinal Roger Mahony entered the Sistine Chapel in Rome Tuesday to begin the process of electing the next pope, his name made headlines in his home diocese for other reasons.

The cardinal, the Los Angeles archdiocese and an ex-priest agreed to settlements in four clergy abuse-related cases, totaling $9.9 million. The settlements are the first since the late January court-ordered release of 12,000 pages of abuse-related documents, and Mahony’s ban from public and administrative duties in the archdiocese.

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In This Issue

March 27-April 9, 2015

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