Tens of millions of euros have been frozen in Swiss banks as part of the investigation into a Vatican property investment, according to a Swiss media report.
The new law provides enhanced safeguards for the independence of judges and prosecutors in Vatican City.
The new head of the Vatican Financial Intelligence Authority (AIF) announced Thursday that the Vatican’s internal financial watchdog’s suspension from an international group has been revoked, and the AIF can resume collaboration with foreign financial intelligence units.
A fund in which the Vatican’s Secretariat of State has invested tens of millions of euros has links to two Swiss banks investigated or implicated in bribery and money laundering scandals involving more than one billion dollars. The fund is under investigation by Vatican authorities.
Pope Francis Wednesday appointed an auditor and Italian banking consultant as president of the Financial Information Authority (AIF), the Vatican’s internal financial watchdog.
The Vatican announced Monday that René Brüelhart, president of the Vatican’s Financial Information Authority (AIF) has ended a five-year term and Pope Francis has chosen his successor.
McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the Papal Foundation, for a bankrupt Italian hospital, the Istituto Dermopatico dell’Immacolata (IDI).
Cardinal Angelo Becciu and Cardinal Giuseppe Versaldi have been key players in a complicated series of financial transactions to finance the Vatican Secretariat of State’s 2015 acquisition of the hospital.