BKB – The Official Translation Of the Motu Proprio By Pope Francis From 8 August –

Posted: August 29, 2013 in One People's Public Trust (OPPT)
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Brian Kelly’s Blog

http://briankellysblog.blogspot.com/2013/08/the-official-translation-of-motu.html

The Official Translation Of the Motu Proprio By Pope Francis From 8 August
August 28, 2013

http://www.vatican.va/holy_father/francesco/motu_proprio/documents/papa-francesco-motu-proprio_20130808_prevenzione-contrasto_en.html

Thanks to the Stillness in the Storm guys and Lucas for the pointer on this one ~BK

APOSTOLIC LETTER
ISSUED MOTU PROPRIO
OF THE SUPREME PONTIFF FRANCIS
FOR THE PREVENTION AND COUNTERING OF MONEY LAUNDERING,
THE FINANCING OF TERRORISM AND
THE PROLIFERATION OF WEAPONS OF MASS DESTRUCTION
 
The promotion of integral human development at the material and moral level requires a profound reflection on the vocation of the economic and financial sectors, as well as on how they correspond with its ultimate aim of achieving the common good.
 
For this reason in conformity with its nature and mission the Holy See is participating in the efforts of the international community that aim to protect and promote the integrity, permanence and transparency of the economic and financial sectors and to prevent and to counter illegal activities.
Pursuant to the steps already taken by my Predecessor Benedict XVI in this area with the Motu Proprio of 30 December 2010 for preventing and countering illegal activities in the area of monetary and financial dealings, I wish to renew the Holy See’s commitment to adopting the principles and juridical instruments developed by the international community, bringing further into line with them institutional structures for the prevention and countering of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. With this Apostolic Letter in the form of a Motu Proprio I adopt the following measures:

 Article 1 

The dicasteries of the Roman Curia and other institutes and entities dependent on the Holy See, as well as non-profit organizations that enjoy juridical personality in canon law and are based in Vatican City State, are bound to observe the laws of Vatican City State with regard to:
a) measures for the prevention and countering of money laundering and the financing of terrorism;
b) measures against those who threaten international peace and security;
c) prudential supervision of entities habitually engaged in a professional financial activity.

Article 2 

The Financial Information Authority exercises the prudential role of the supervision and regulation of entities that are professionally engaged in a financial activity.

 Article 3 

The competent judicial bodies of Vatican City State exercise jurisdiction in the above-mentioned issues also with regard to the dicasteries and other entities and institutions dependent on the Holy See, as well as to those non-profit organizations which have juridical personality in canon law and are based in Vatican City State.

 Article 4 

The Financial Security Committee is established for the purpose of coordinating the competent authorities of the Holy See and of Vatican City State for the prevention and countering of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. It is disciplined by the Statutes appended to this Apostolic Letter.
 
I establish that this Apostolic Letter in the form of a Motu Proprio be published in L’Osservatore Romano.
 
I dispose that everything which has been established have full and permanent value as from 10 August 2013, abrogating in addition any incompatible measures.
Given in Rome at the Apostolic Palace on 8 August of the year 2013, the first of the Pontificate
 
FRANCISCUS PP.
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