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 7, 2022 | Father Juan Antonio Guerrero, Institute for the Works of Religion, lead, News, News Analysis, Pensions, Secretariat for the Economy, Vatican City State, Vatican finances | 0 |
This week, the Vatican more or less told us the truth about its financial situation – the full truth, or at least as close to it as the place has ever come.
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 | 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 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.
Read Moreby bcadmin | Jun 8, 2020 | Catholic Church, Catholic News Service, Institute for the Works of Religion, News, Vatican, Vatican Bank | 0 |
The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 38 million euros (about $42.9 million) in 2019, more than twice the profit reported in the previous year, according to its annual report.
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