Vatican Finances

The Latest

A view of the facade of St. Peter's Basilica from the Vaticans Apostolic Palace.

Vatican pens new contract with global auditing firm

Jun 10, 2016

By Elise Harris

After putting a freeze on their contract with external auditor PricewaterhouseCoopers in April, the Vatican has announced a new agreement... Read more

A view of the facade of St. Peter's Basilica from the Vatican's Apostolic Palace.

Vatican financial reform aims to help the Church do its job better

Feb 7, 2016

By Matt Hadro

The Vatican’s recent financial reforms have the common good – not just efficiency – as their end, said an economist... Read more

Vatican spokesman Fr. Lombardi SJ speaks with journalists during a July 14, 2014 press conference.

Vatican launches investigation of journalists who published leaked docs

Nov 12, 2015

By Elise Harris

The two Italian journalists who made headlines last week for authoring books on confidential Vatican financial documents are under investigation,... Read more

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

For the Vatican bank, a new direction means profitability

May 27, 2015

By Andrea Gagliarducci

The Vatican Bank’s net profits in 2014 jumped to $75.5 million from only $3.2 million the previous year, reflecting a... Read more

The facade of St. Peter's Basilica, as seen from the Apostolic Palace in the Vatican.

Vatican Appointments: Cardinal Versaldi to Congregation for Catholic Education

Mar 31, 2015

Tuesday's appointment of Cardinal Giuseppe Versaldi as prefect of the Congregation for Catholic Education, together with Cardinal Rainer Maria Woelki's... Read more

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

Vatican bank starts second phase of reform effort

Jul 17, 2014

The Institute for Religious Works, or 'Vatican Bank', has released its annual report for 2013, announcing the start of the... Read more

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

Vatican bank releases balance sheet, continues reform

Jul 8, 2014

The Institute for the Works of Religion, or “Vatican bank”, published its 2013 financial statement Tuesday, concluding the first step... Read more

Director Rene Brülhart gives the Vatican Financial Information Authority's Annual Report at the Vatican Press Office, May 19, 2014.

Vatican reinforces financial cooperation with US

Jul 5, 2014

By Andrea Gagliarducci

The Financial Intelligence Authority, the Vatican’s financial watchdog, has agreed to exchange information with the U.S. government, significantly strengthening international... Read more

Cardinals greet each other Nov. 24, 2012 in St. Peter's Basilica.

Cardinals council zeroes-in on Vatican management, finances

Jul 2, 2014

By Andrea Gagliarducci

On the second of four days of meetings, the council of eight cardinals discussed the management of the Vatican State... Read more

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

New members of the Vatican bank cardinals' commission named

Jan 16, 2014

The Commission of Cardinals overseeing the Institute for the Works of Religion, or “Vatican bank”, were named on Wednesday; of... Read more

St. Peter's Basilica.

New rules for Vatican financial oversight approved by Pope

Nov 18, 2013

Pope Francis on Nov. 15 approved a new document on the rules for the Holy See's financial oversight agency to... Read more

René Brülhart, Director of the Vatican Financial Information Authority, speaks to the press about the Vatican's finances on May 22, 2013. Estefania Aguirre/CNA.

Pope strengthens financial crimes laws, oversight body

Aug 8, 2013

Pope Francis has issued a declaration that increases the power of the Financial Information Authority and continues the Vatican's efforts... Read more

St. Peter's Basilica as seen on the night of Feb. 13, 2013. Stephen Driscoll/CNA.

Vatican interrogation request is first test of financial agreement

Aug 7, 2013

By Andrea Gagliarducci

The Vatican’s judicial authorities have requested that their Italian counterparts interrogate Monsignor Nunzio Scarano about withdraws he made from his... Read more

CNA

Vatican Bank's new website aims for transparency

Jul 31, 2013

The Institute for Religious Works, informally known as the Vatican Bank, has launched a new website intended to advance transparency... Read more

CNA

Vatican, Italy sign money laundering prevention agreement

Jul 29, 2013

The Vatican and Italy have reached an agreement on sharing financial information that will help the two countries prevent money... Read more

The Institute for Religious Works or the Vatican Bank as it is commonly known. File Photo CNA.

Vatican-Italy financial pact not linked to Msgr. Scarano case

Jul 26, 2013

By Andrea Gagliarducci

The Vatican and Italy will soon sign a Memorandum of Understanding between their financial authorities to regulate data exchange, but... Read more

CNA

Vatican money freeze tied to second Msgr. Scarano case

Jul 15, 2013

By Andrea Gagliarducci

Although the Vatican froze funds belonging to Monsignor Nunzio Scarano after the Italian police arrested him, the hold on his... Read more

The Institute for Religious Works or the Vatican Bank as it is commonly known. File Photo/CNA.

Vatican freezes funds of suspended accountant

Jul 12, 2013

The Vatican announced it has frozen the funds of a senior accountant who is accused of laundering money through the... Read more

Professor Giuseppe Dalla Torre and Father Federico Lombardi (L to R) present the changes made by Pope Francis July 11, 2013 to the Vatican's criminal code.

Pope's legal changes respond to globalization of crime

Jul 11, 2013

Pope Francis took a step forward in modernizing the Vatican’s legal code today by explicitly listing certain acts as crimes... Read more

Rene Brulhart, Director of the Vatican Financial Information Authority, speaks to the press about the Vatican's finances on May 22, 2013.

Despite setbacks, Vatican Bank undergoing important evolution

Jul 4, 2013

By Andrea Gagliarducci

News that Vatican Financial Intelligence Authority (AIF) has been admitted to a global network of financial oversight agencies proves that... Read more