Pope Francis has appointed Cardinal Kevin Farrell as president of a committee charged with monitoring financial transactions that are not subject to the Pope’s new anti-corruption guidelines.
Cardinal Farrell currently serves as prefect of the Dicastery for Laity, Family, and Life.
The five-member “Commission for Reserved Matters” will oversee four categories of exempted contracts, according to Catholic News Agency’s Hannah Brockhaus. “Contracts related to matters covered by the pontifical secret; contracts funded by an international organization; contracts necessary to fulfill international obligations; and contracts pertaining to the office and security of the pope, the Holy See, and the Universal Church or ‘necessary or functional to ensure the mission of the Church in the world and guarantee the sovereignty and independence of the Holy See or the Vatican City State,’” she reported.
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