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Category: Vatican financial reform

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

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.

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Vatican’s financial watchdog sees rise in suspicious activity reports in 2021

St. Peter’s Basilica. / vvo/Shutterstock.

Vatican City, Jun 13, 2022 / 09:18 am (CNA).
The Vatican’s financial watchdog authority reported on Monday that it received 104 suspicious activity reports in 2021, an increase from the previous year.

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Pope Francis takes purse from Secretariat of State

The sweeping nature and speed of the moves is by Roman standards breathtaking — and raise questions about the shape of the broader curial reform.

The post Pope Francis takes purse from Secretariat of State appeared first on Catholic Herald.

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