Cardinal to Give Full Time to Vatican's New Finance Panel

VATICAN CITY, JULY 7, 2011 ( The cardinal who leads the Vatican’s new Financial Information Authority has resigned from his other post in order to give full attention to the group, which is tasked with ensuring the Vatican’s complete fiscal transparency.

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Cardinal Attilio Nicora’s resignation as the president of the Administration of the Patrimony of the Apostolic See (APSA) was accepted by Benedict XVI today.

A statement from the Vatican updated progress in the work of the Financial Information Authority, which was established last December.

It reported that the initial phase of establishing the structure has begun, as well as the implementation of measures to counter money laundering. Now, the focus turns to «interchange and dialogue with international institutions so that, by means of the necessary evaluations, the Holy See and Vatican City State may obtain recognition as ‘a non-EU equivalent State.'»

Archbishop Domenico Calcagno, who was the APSA secretary, will now take the role of president of that body.

Monsignor Luigi Misto, director of the higher institute for religious studies of the Paul VI Ambrosian Foundation of Villa Cagnola in Gazzada Schianno, Italy, and head of the Archdiocese of Milan’s office for the promotion and economic support of the Church, was named secretary.

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