Vatican bank
British judge unfreezes assets of key figure in Vatican financial scandal
By Claire Giangravé — March 26, 2021
(RNS) — The judge ruled that there is no 'reasonable cause' to believe that Gianluigi Torzi, who was arrested by the Vatican last year, has benefited from criminal conduct.
Vatican convicts ex-bank chief in property embezzlement scam
By Nicole Winfield — January 22, 2021
(RNS) —The scam allegedly involved the suspects selling 29 different properties in Rome and elsewhere to offshore companies that then resold them at market rates, with the suspects pocketing the difference.
Cardinal Pell calls for more lay involvement in Vatican financial reform efforts
By Claire Giangravé — January 15, 2021
(RNS) — Lay men and women bring expertise and knowledge that the Vatican lacks, said Pope Francis' former financial reform czar.
Cardinal Parolin asked Vatican bank for loan to exit troubling London realty deal
By Claire Giangravé — January 11, 2021
(RNS) — Parolin, the Vatican’s secretary of state, said he intended to use the loan to pay off a mortgage on the property that was weighing heavily on the Vatican coffers.
Pope Francis makes the case for his financial reform efforts to European regulators
By Claire Giangravé — October 8, 2020
VATICAN CITY (RNS) — Moneyval’s findings will be a test of the progress he’s made in restoring the institution’s credibility in the international financial sector.
Cardinal Becciu denies accusations after being retired by Pope Francis
By Claire Giangravé — September 25, 2020
VATICAN CITY (RNS) — The day after resigning, Cardinal Angelo Becciu defended himself from accusations that he had mismanaged funds, saying during an impromptu press conference that he remains a ‘faithful servant’ of the pope.
Pope Francis accepts resignation of cardinal named in Vatican financial scandals
By Claire Giangravé — September 24, 2020
VATICAN CITY (RNS) — Pope Francis accepted the resignation of Cardinal Angelo Becciu as the head of the Vatican’s Congregation for the Causes of Saints, along with the rights of his cardinal’s title, on Thursday (Sept. 24).
Five things Pope Francis should do while imprisoned by the pandemic
By Thomas Reese — August 13, 2020
(RNS) — Reforms to the Vatican’s financial system, the Curia and how the church prevents clergy sexual abuse are the ecclesial equivalent of cleaning the basement and the attic, but now’s the time.
Four powers the pope needs to grant the new chief of Vatican finances
By Thomas Reese — November 20, 2019
(RNS) — The problem facing the pope's new head of Vatican finances is not only the church's history of mismanagement and corruption, but a lack of transparency and clear lines of authority.
Making sense of the Vatican’s looming financial scandal
By Claire Giangravé — October 7, 2019
VATICAN CITY (RNS) — Last week, the Vatican released a mysterious statement acknowledging a raid by Vatican police on the offices of its Secretariat of State and of its financial watchdog agency, saying it was carried out by judicial order by the Vatican tribunal and with permission from unspecified 'superiors.'
Vatican’s first auditor-general resigns unexpectedly
By Reuters — June 21, 2017
VATICAN CITY (Reuters) No reason was given for the resignation of Libero Milone. But a Vatican source told Reuters, 'It's a pretty ugly situation and I hope it does not get worse.'
Ex-Vatican official acquitted in money smuggling case
By Reuters — January 19, 2016
But the monsignor, who had close connections to the Vatican's scandal-plagued bank, is still faces charges of money laundering.
Vatican inspectors suspect key office was used for money laundering
By Reuters — November 3, 2015
VATICAN CITY (Reuters) The internal investigation is part of a drive by Pope Francis to give Vatican financial authorities free rein to dig deep, overruling some cardinals who would prefer to forget the past.
Vatican, US sign historic agreement to go after tax evaders
By Rosie Scammell — June 10, 2015
VATICAN CITY (RNS) The United States on Wednesday (June 10) signed an agreement with the Vatican to trace American taxpayers hiding assets within the walls of the city-state, the latest step in the Holy See’s push for greater financial transparency.
Pope Francis’ promised reforms start to take shape with new leaders for Vatican bank
By Josephine McKenna — July 9, 2014
VATICAN CITY (RNS) “There are many challenges and much work ahead,” Australian Cardinal George Pell said. “The Holy Father has made it clear these changes should move forward expeditiously.”
