Vatican Finances

The Latest

The flag of Vatican City with St. Peter's Basilica in the background.

As evaluation ends, Vatican says Moneyval inspection was ‘constructive’

Oct 13, 2020

By Hannah Brockhaus

Moneyval, the Council of Europe’s anti-money laundering watchdog, concluded its two-week on-site inspection of the Holy See and Vatican City... Read more

Pope Francis speaks with Vatican Secretary of State, Cardinal Pietro Parolin during his visit to Lima's Cathedral on January 21, 2018.

Analysis: Vatican finances and Cardinal Parolin’s crisis of credibility

Oct 12, 2020

By Ed Condon

On Saturday, the ongoing saga of Vatican financial scandal – or reform, if you prefer – continued with the announcement that... Read more

Pope Francis receives Cardinal George Pell in a private audience at the Vatican Oct. 12, 2020.

Pope Francis meets with Cardinal Pell at the Vatican

Oct 12, 2020

Former Vatican finance czar Cardinal George Pell met with Pope Francis in a private audience at the Vatican Monday.  Read more

The flag of Vatican City with St. Peter’s Basilica in the background.

Vatican amends financial law amid Moneyval inspection

Oct 10, 2020

The Vatican unveiled changes to a landmark law on transparency, supervision, and financial intelligence Saturday, saying that the move would strengthen... Read more

Raffaele Mincione.

'Conflict of interest'? — Mincione invested Vatican in Torzi bond before London sale

Oct 9, 2020

By Ed Condon

When the Vatican purchased a London luxury apartment building from its investment manager in 2018, the building owner and the... Read more

Cardinal Giovanni Angelo Becciu, center, in 2015.

Cardinal Becciu claims ‘absolute falseness’ of allegations against him

Oct 8, 2020

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

Pope Francis in St. Peter's Square on March 12, 2016.

Pope Francis to Moneyval: ‘Money must serve, not rule’

Oct 8, 2020

By Hannah Brockhaus

In a speech Thursday to Moneyval representatives evaluating the Vatican, Pope Francis emphasized that money should be at the service... Read more

The flag of Vatican City with St. Peter's Basilica in the background.

Reports say woman working for Becciu received 600,000 euros from Vatican Secretariat of State

Oct 6, 2020

By Hannah Brockhaus

Italian media reported this week that a woman with a company based in Slovenia received at least half a million... Read more

Cardinal Angelo Becciu.

Cardinal Pell accuser denies Becciu bribery allegations

Oct 5, 2020

The accuser of Cardinal George Pell has denied he was bribed into making allegations of abuse against the cardinal, after... Read more

Cardinal Angelo Becciu.

Analysis: What we don’t know about the Becciu-Pell allegations - yet

Oct 5, 2020

By Ed Condon

Late last week, multiple Italian newspapers reported that Cardinal Angelo Becciu has been accused of sending 700,000 euros of Vatican... Read more

Cardinal George Pell. CNA file photo

Analysis: Cardinal Becciu is accused of setting up Pell. But facts are few

Oct 5, 2020

By JD Flynn

When an allegation against a high-ranking churchman makes its way from Vatican-watchers to Italian newspapers to American headlines in just... Read more

Vatican City.

Enrico Crasso defends management of Vatican investments

Oct 5, 2020

By Hannah Brockhaus

Enrico Crasso, a longtime investment manager for the Vatican, has defended his stewardship of Church funds controlled by the Secretariat of... Read more

Cardinal Kevin Farrell, prefect of the Dicastery for Laity, Family, and Life.

Pope Francis fills committee to monitor internal Vatican financial decisions

Oct 5, 2020

By Hannah Brockhaus

Pope Francis on Monday named Cardinal Kevin Farrell president of a committee to monitor internal Vatican financial decisions which fall... Read more

A statue of St. Peter in St. Peter's Square, pictured April 5, 2016.

Analysis: Vatican financial report stops short of questions on Peter’s Pence

Oct 3, 2020

By Hannah Brockhaus

The Vatican on Thursday published a 2019 financial report on the Holy See, citing calls for greater transparency in how... Read more

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

Becciu accused of sending Vatican funds to Australia during Pell trial

Oct 2, 2020

Italian media have reported allegations that Cardinal Angelo Becciu transferred several hundred thousand euros from Vatican accounts to an account... Read more

St. Peter's Square, Vatican City.

Mincione used former Vatican fund to invest in mafia-linked bond managed by Torzi company

Oct 1, 2020

By Ed Condon

An investment fund created for the Holy See Secretariat of State to invest Church funds was used to purchase millions... Read more

Fr. Juan A. Guerrero, S.J.

Economy prefect says Vatican must be ‘a house of glass’ as 2019 figures released

Oct 1, 2020

By Hannah Brockhaus

The Vatican’s Secretariat for the Economy released the 2019 balance sheet for the Roman Curia Thursday.  Read more

Cardinal George Pell arrives in Rome Sept. 30, 2020.

Cardinal Pell arrives in Rome as financial scandal casts shadow over Vatican

Sep 30, 2020

Cardinal George Pell arrived in Rome Wednesday as financial scandals continue to cast a shadow over the Vatican.  Read more

A Vatican flag waves over the dome of St. Peter’s Basilica.

Moneyval evaluation begins at Vatican

Sep 30, 2020

By Hannah Brockhaus

The Council of Europe’s anti-money laundering watchdog, Moneyval, began its two-week on-site inspection of the Holy See and Vatican City... Read more

CNA file photo.

Cardinal Becciu allegations mount as Vatican appoints new prosecutor

Sep 28, 2020

Italian businessman Gianluigi Torzi has provided detailed information to investigators in the ongoing Vatican financial scandal, according to new reports.... Read more