Moneyval
Pope Benedict XVI, elected a philosopher king, was at heart a German professor
By Thomas Reese — December 31, 2022
(RNS) — In 2005, the cardinals thought they were electing the smartest man in the room. They should instead have sought the man who would listen to all the other smart people in the church.
Time to end tax havens for Russian oligarchs, crooked politicians and criminals
By Thomas Reese — March 29, 2022
(RNS) — Pope Francis called for 'a new ethic,' where everyone works together 'to eliminate tax havens, avoid tax evasion and money laundering.'
Indictments for Vatican financial crimes a sign of progress
By Thomas Reese — July 6, 2021
(RNS) — Vatican financial scandals have repeatedly tarnished the image of the church. It is time for the Vatican to get its act together. Ironically, that will mean more bad news as crimes are uncovered and prosecuted.
Vatican gets mixed review for its efforts to fight financial corruption
By Claire Giangravé — June 9, 2021
(RNS) — A report by the European agency that combats money laundering says the Vatican needs to take further steps to address internal corruption and improve the institution’s judicial system.
Reforming the Vatican Curia: Never easy, and never over
By Thomas Reese — June 2, 2021
(RNS) — Francis’ heart is in the right place, but the forthcoming document on Curia reform will not likely do the job.
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.
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.
Vatican told to get tough on those caught laundering money
By Rosie Scammell — December 15, 2015
VATICAN CITY (RNS) The Vatican has taken many steps to atone for its shady financial past, but the European Union's financial watchdog said the Holy See now has to get tough with those suspected of wrongdoing.
Vatican Bank needs more transparency, regulators say
By David Gibson — July 18, 2012
(RNS) The scandal-plagued Vatican Bank still has a long way to go in order to comply with international standards for independent oversight and financial transparency, according to a status report from European officials released Wednesday (July 18). By David Gibson.
Vatican bank touts transparency amid scandals
By Alessandro Speciale — July 2, 2012
VATICAN CITY (RNS) As European financial regulators meet in Strasbourg, France, the Vatican is bracing for a decision that could determine the success of its years-long drive to adopt international financial transparency standards. By Alessandro Speciale.
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