Pope Francis decrees better control of Vatican funds and foundations

Catholic News Agency, AC Wimmer:

Pope Francis issued a decree on Tuesday aimed at improving the financial accountability of funds, foundations, and other legal entities inside the Vatican.

In the future, these entities — also known as juridical persons — will be controlled by the bodies such as the Secretariat for the Economy and not just supervised by their respective institutions.

The motu proprio is complemented by a law covering entities in the Vatican City State. Both were published Dec. 6 and come into force on Dec. 8. Report is here.