Pope imposes deadline for Vatican to transfer assets to bank
Pope Francis on Tuesday imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank.
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by bcadmin | Aug 25, 2022 | Associated Press, Institute for the Works of Religion, IOR, News, Pope Francis, Vatican, Vatican Bank, Vatican finances | 0 |
Pope Francis on Tuesday imposed an Oct. 1 deadline for all Holy See offices and Vatican-linked institutions to deposit their assets with the Vatican bank.
Read Moreby bcadmin | Aug 25, 2022 | News, Vatican, Vatican Bank, Vatican finances, Vatican financial reform | 0 |
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
The post Pope puts faith in Vatican Bank to prevent repeat of London property scandal appeared first on Catholic Herald.
Read Moreby bcadmin | Jul 22, 2022 | Catholic News Service, Embezzlement, News, Vatican, Vatican Bank, Vatican trial | 0 |
A Vatican court upheld sentences against the former president of the Vatican bank and his lawyer, who were found guilty in 2021 of money laundering and embezzling millions of euros from Vatican property sales.
Read Moreby bcadmin | Jul 11, 2022 | Archbishop Pietro Parolin, Fabrizio Tirabassi, News, The Dispatch, Vatican, Vatican Bank | 0 |
Vatican trial (file image) / Vatican Media.
Vatican City, Jul 11, 2022 / 06:08 am (CNA).
As the Vatican’s historic trial revolving around a London property deal and allegations of corruption continues, the question of what Pope Francis him…
by bcadmin | Mar 17, 2022 | budapest, Cardinal Angelo Becciu, Hungary, lead, London financial scandal, Malta, News, News Analysis, Vatican Bank, Vatican finances | 0 |
Is it troubling that instead of directly confronting the ineptitude and lack of internal controls, the pope and his team appear bent on trying to criminalize what other courts have found to be a problem in sound financial judgment?
Read Moreby bcadmin | Jan 21, 2022 | Catholic News Service, Institute for the Works of Religion, News, Vatican, Vatican Bank, Vatican City State, Vatican criminal court, Vatican criminal justice | 0 |
A Vatican appellate court rejected the appeal of two former top managers of the Vatican bank who were found liable for mismanagement.
Read Moreby bcadmin | Jun 11, 2021 | Financial reform, financial report, Institute for the Works of Religion, Interviews, IRS, Jean-Baptiste de Franssu, lead, Moneyval, News, News Analysis, Secretariat of State, Vatican Bank, Vatican finances | 0 |
In tandem with other milestones in recent years, President Jean-Baptiste de Franssu, the French economist and banker who’s led the IOR since 2014, believes June 2021 marks an historic turning point.
Read Moreby bcadmin | Jun 3, 2021 | Holy See, Internal Revenue Service, IRS, Moneyval, News, U.S. & World News, United States, Vatican Bank, Vatican City State | 0 |
The United States added Vatican City State to its list of countries that conform to international standards regarding the verification of the identity of persons conducting financial transactions through its institutions, including the so-called Vatican bank.
Read Moreby bcadmin | Jun 3, 2021 | Catholic Church, Catholic News Service, Holy See, Institute for the Works of Religion, IOR, IRS, News, Vatican, Vatican Bank, Vatican City State, Vatican finances | 0 |
The United States added Vatican City State to its list of countries that conform to international standards regarding the verification of the identity of persons conducting financial transactions through its institutions, including the so-called Vatican bank.
Read Moreby bcadmin | Jan 23, 2021 | Angelo Caloia, Bishop accountability, Institute for the Works of Religion, lead, News, News Analysis, Vatican Bank, Vatican finances, Vatican trial | 0 |
We witnessed a potential watershed moment this week for financial reform in the Vatican when a longtime former president of the Vatican Bank, along with the bank’s lawyer, were sentenced to eight years and 11 months in jail for their roles in a $70 million fraud.
Read Moreby bcadmin | Jan 22, 2021 | Angelo Caloia, Giuseppe Pignatone, Milano, News, U.S. & World News, Vatican Bank | 0 |
A former president of the Vatican bank and his lawyer were found guilty of money laundering and embezzling millions of euros from property sales.
Read Moreby bcadmin | Jan 21, 2021 | Catholic News Service, financial scandal, Institute for the Works of Religion, IOR, News, Vatican, Vatican Bank, Vatican City State, Vatican criminal court, Vatican criminal justice | 0 |
A former president of the Vatican bank and his lawyer were found guilty of money laundering and embezzling millions of euros from property sales.
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