Latest stories: Vatican Finances

Giovanni Angelo Becciu, former prefect of the Congregation for the Causes of Saints, pictured June 27, 2019. Daniel Ibáñez/CNA.

Italian Cardinal Accused of Corruption, Abuse of Office Present at Day 1 of Finance trial

Angelo Cardinal Becciu was present Tuesday, July 27, the first day of a major Vatican finance trial to defend himself of charges of embezzlement and abuse of office. He is one of 10 defendants in the Vatican’s largest trial for financial crimes in modern times.

Bishop Nunzio Galantino, president of APSA. Alexey Gotovsky/CNA.

Vatican Releases 2020 Consolidated Balance Sheets, Maintains “precautionary liquidity”

The Vatican's balance sheet showed a deficit of $78 million in 2020.

Giovanni Angelo Becciu, former prefect of the Congregation for the Causes of Saints, pictured June 27, 2019./ Daniel Ibáñez/CNA.

Cardinal Becciu to Stand Trial at Vatican for Embezzlement and Abuse of Office

The Vatican announced Saturday that Cardinal Angelo Becciu will be tried on charges of embezzlement and abuse of office.

Credit: Bohumil Petrik/CNA.

Vatican's Council for Economy Discusses Annual Budget for 2021

The Vatican’s Council for the Economy met on Tuesday to discuss the details of the annual budget for 2021.

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

Vatican Court Due to Hold Sentence Hearing for ex-Vatican Bank President

The Vatican court is due to hold a sentence hearing next week in a criminal trial against the former president of the Institute for Religious Works.

The Vatican flag waves over the dome of St. Peter's Basilica. Credit: Bohumil Petrik/CNA.

Australia’s Catholic Bishops Seek Answers about Mystery of Billions Linked to Vatican

Australia’s Catholic bishops are considering raising questions with the country’s financial watchdog authority about whether any Catholic organizations were among the recipients of billions of Australian dollars in transfers reputedly from the Vatican.

The flag of Vatican City with St. Peter’s Basilica in the background. Credit: Bohumil Petrik/CNA.

Pope Francis Issues Law Reorganizing Vatican Finances

Pope Francis issued a new law Monday reorganizing Vatican finances following a series of scandals. 

Pope Francis at the General House of the Society of Jesus in Rome, Dec. 13, 2019. Credit: Daniel Ibanez/CNA

Pope Francis Says More Action Coming in Fight Against Vatican Corruption

Pope Francis has said more changes are on the horizon as the Vatican continues to combat financial corruption inside its walls, but he is cautious about success.

Cardinal Angelo Becciu. Credit: Alan Holdren/CNA.

Becciu 'vigorously' Denies Interference in Cardinal Pell Trial

Cardinal Giovanni Angelo Becciu again denied having interfered in any way with the trial of Cardinal George Pell, after Italian media reported an allegation that Becciu might have wired money to Australia as a bribe during Pell’s trial.

Cardinal Giovanni Angelo Becciu, center, in 2015. Credit: Alan Holdren/CNA.

Cardinal Becciu Claims "absolute falseness" of Allegations Against Him

Cardinal Angelo Becciu insisted Wednesday on the “absolute falseness” of claims of financial misconduct against him.

Pope Francis greets pilgrims in St. Peter's Square on Feb. 26, 2020. Credit: Daniel Ibáñez/CNA.

Pope Francis Appoints Extra Prosecutor to Vatican City Court

Pope Francis Monday named an Italian lawyer and professor of commercial law to work as an additional prosecutor in the Vatican City State’s court.

Cardinal George Pell. Alan Holdren/CNA

Cardinal Pell to Return to Rome this Week

Cardinal George Pell is set to return to Rome on Tuesday, his first time back in the Vatican since 2017, when he took a leave of absence from his role as prefect of the Vatican’s Secretariat for the Economy to travel to Australia. 

The then Archbishop Angelo Becciu blesses the Pilgrimage Information Center for the Extraordinary Jubilee of Mercy on Dec. 1, 2015. Credit: Daniel Ibáñez/CNA.

New Details Emerge about Cardinal Becciu’s Management of Vatican Finances

Following his resignation Thursday, September 24, new reports reveal details of how Cardinal Angelo Becciu managed Vatican financial affairs, developing a story CNA first broke last year.

Fr. Juan Antonio Guerrero. / Office of Communication Society of Jesus.

Two Vatican Officials Sign Agreement to Cooperate on Fighting Corruption

The Vatican’s prefect of the Secretariat for the Economy and auditor general signed a memorandum of understanding Friday on the fight against corruption.

Cardinal Pietro Parolin. / Daniel Ibanez/CNA

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

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 Appoints Six Women to Vatican's Economy Council

Pope Francis on Thursday named 13 new members to the Council for the Economy, which oversees Vatican finances and the work of the Secretariat for the Economy.

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 Finances: London Deal Players Had Prior History

In the months before Gianluigi Torzi was asked by the Holy See to act as middle man for the final purchase of the London property at 60 Sloane Ave. from Raffaele Mincione, a company owned by Mincione secured a multi-million-euro loan from a company controlled by Torzi.

The AIF in the Vatican. Credit: Vatican News

Analysis: 2020, the Year to Make or Break Vatican Finances?

The Holy See is facing a perfect storm of a massive income shortfall, months of financial scandal, and a looming international banking inspection.

Credit: Bohumil Petrik/CNA.

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

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).

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

Vatican Financial Reform Begins in Earnest Again: Analysis

On Monday, Pope Francis published sweeping new laws governing Vatican financial dealings. But the new laws are not really that new: They resurrect measures called for during the first days of the Francis pontificate. And now they’re back.