Vatican finances Archives - Catholic Herald

Vatican finances

Pope puts faith in Vatican Bank to prevent repeat of London property scandal

August 25, 2022

Pope Francis has moved decisively to clean up corruption in Vatican finances and to avoid a repeat of the high-profile botched investment in a London property that resulted in a loss of 140 million euros. The Holy Father issued a document called a “rescriptum”, which explicitly ordered all investments made by Vatican departments to proceed

Vatican finance trial: What’s happened so far and where is it heading?

November 17, 2021

A Vatican judge’s partial turnaround at a hearing earlier this month is a significant plot twist in the finance trial that kicked off this summer. The prosecution has 10 defendants, with many different charges against them, most linked to the management of funds in the Vatican Secretariat of State, particularly to the purchase of a luxury property

Cardinal Becciu says he ‘favoured’ home diocese but denies scandal

November 16, 2021

Speaking at an event for a diocesan charity to which he is alleged to have illicitly given Vatican funds, Cardinal Angelo Becciu said on Sunday that he had “favoured” his diocese but questioned why it was considered “scandalous.” According to the local newspaper La Nuova Sardegna, during a Nov. 14 conference unveiling a new charitable initiative,

The Vatican’s trials: Pell’s Redemption

August 04, 2021

Melanie McDonagh on how the Vatican Trial of the century highlights the injustice to Cardinal Pell

Cardinal Parolin on Vatican corruption trial: We’re victims

July 04, 2021

"We are considered victims," Cardinal Parolin told journalists in Strasbourg on July 4. "After considering all of the elements," he said, "we decided to constitute ourselves [a civil party]," though he specified that the Secretariat had no direct knowledge of the investigation.

Vatican Finances: Cardinal Becciu, 9 others indicted on various charges

July 03, 2021

The laundry list includes some interesting names and corresponding indictments.

Watchdog agency issues report critical of Vatican financial oversight

June 09, 2021

— Rome — The European Commission’s financial monitor, MONEYVAL, has issued a highly critical report on the anti-money-laundering and general financial oversight efforts of the Holy See. Both MONEYVAL and the Holy See describe the report as “positive” and cite “moderate” to “substantial” effectiveness ratings across a range of areas, but note significant room for

Pope Francis Enacts New Round of Financial Reforms

April 29, 2021

The new law's stated aim is to curtail and target instances of a range of crimes, including fraud, corruption, money-laundering, terrorism or terrorism-related activities, exploitation of minors and human trafficking, as well as tax evasion.