Vatican financial reform

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Pope to Vatican Employees: Lure of Corruption is Dangerous and "we must be vigilant"

Dec 12, 2023

Pope Francis received in an audience on Monday the members of the Office of the Auditor General.

The Institute for Religious Works, or 'Vatican bank'. (File Photo/CNA). null

Pope Francis Instructs Vatican Entities to Move all Funds to Vatican Bank by End September

Aug 23, 2022

Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank.

Cardinal Pietro Parolin. / Daniel Ibanez/CNA

Church Financial Scandals “must not be covered up”: Vatican Secretary of State

Aug 29, 2020

In an interview Thursday, Cardinal Pietro Parolin, the Vatican Secretary of State, spoke about uncovering financial scandal, saying that hiding scandal increases and entrenches it.

Credit: Bohumil Petrik/CNA.

Pope Francis Names Lay Finance Expert as Secretary of Vatican ‘central bank’

Jun 15, 2020

Pope Francis Monday appointed Fabio Gasperini, an Italian financial adviser working at Ernst and Young, to the second-ranking position at the Administration of the Patrimony of the Apostolic See (APSA).

Pope Francis May 12, 2019. Credit: Daniel Ibanez/CNA.

Pope Francis Speaks about Financial Reforms to Vatican Tribunal

Feb 15, 2020

As the Holy See awaits the results of a scheduled financial inspection, Pope Francis spoke about ongoing financial reform and investigations at the opening of the judicial year of the Vatican City State’s court, which he attended for the first time.

Raffaele Mincione (C) and Carla Maria Orsi Carbone (R) attend the launch of M Industry London and the Art Bag at 51 Berkeley Square on Oct. 3, 2017 in London, England. Credit: Dave Benett/Getty Images

Vatican’s Investment Manager Backed Company that ‘misled investors’

Dec 10, 2019

The Italian businessman responsible for investing millions of Vatican funds owned a stake in an online options trading company fined in 2016 by the Securities and Exchange Commission for misleading investors.

Vatican City. Stock Image via Shutterstock

IDI Foundation President Gives New Detail on Vatican Loans for Hospital Purchase

Nov 29, 2019

Antonio Maria Leozappa, president of the Fondazione Luigi Maria Monti, issued a letter to offer “clarification and rectification” on the reported use of funds from APSA in the foundation’s 2015 purchase of the Istituto Dermopatico dell’Immacolata (IDI).

Pope Francis during an in flight press conference on the papal plane, Nov. 26, 2019. Credit: Hannah Brockhaus/CNA

On papal flight, Pope Francis talks Vatican financial scandal

Nov 26, 2019

Although investigators are looking into a controversial Vatican investment in a luxury London property development, whether the deal was corrupt is still an open question, Pope Francis said Tuesday.

St. Peter's Basilica. Credit: feliks/Shutterstock.

After Vatican raid, 5 officials and employees suspended

Oct 2, 2019

An Italian news magazine has reported that five Vatican employees have been suspended following an Oct. 1 raid of offices within the Vatican’s Secretariat of State.