Vatican Finances

The Latest

The then Archbishop Angelo Becciu blesses the Pilgrimage Information Center for the Extraordinary Jubilee of Mercy on Dec. 1, 2015.

New details emerge about Cardinal Becciu’s management of Vatican finances

Sep 25, 2020

By Hannah Brockhaus

Following his resignation yesterday, new reports reveal details of how Cardinal Angelo Becciu managed Vatican financial affairs, developing a story... Read more

Cardinal George Pell.

Cardinal Pell thanks Pope Francis after Cardinal Becciu resigns

Sep 25, 2020

Cardinal George Pell thanked Pope Francis Friday following the dramatic resignation of Vatican Cardinal Angelo Becciu.  Read more

Fr. Juan Antonio Guerrero.

Two Vatican officials sign agreement to cooperate on fighting corruption

Sep 18, 2020

By Hannah Brockhaus

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

The Royal Courts of Justice houses the High Court and Court of Appeal of England and Wales.

Mincione asks UK court to rule he ‘acted in good faith’ in Vatican deal

Sep 16, 2020

By Ed Condon

The Italian businessman at the center of the Vatican’s London property scandal is asking a British court to rule that... Read more

Cardinal Pietro Parolin.

Cardinal Parolin: Church financial scandals ‘must not be covered up’

Aug 27, 2020

By Hannah Brockhaus

In an interview Thursday, Cardinal Pietro Parolin, the Vatican Secretary of State, spoke about uncovering financial scandal, saying that hiding... Read more

Pope Francis appoints six women to economy council

Aug 6, 2020

By Hannah Brockhaus

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

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.

Vatican finances: London deal players had prior history

Jul 31, 2020

By Ed Condon

In the months before Gianluigi Torzi was asked by the Holy See to act as middle man for the final... Read more

Raffaele Mincione.

Police seize Mincione’s phones in Vatican corruption probe

Jul 15, 2020

By Ed Condon

Vatican prosecutors, working with Italian authorities, have executed a search and seizure warrant against the Italian businessman Raffaele Mincione, the... Read more

The AIF in the Vatican.

Analysis: 2020, the year to make or break Vatican finances?

Jul 10, 2020

By Ed Condon

The Holy See is facing a perfect storm of a massive income shortfall, months of financial scandal, and a looming... Read more

St. Peter's Basilica.

Vatican financial watchdog hails ‘rising trend’ in reports to Promoter of Justice

Jul 3, 2020

The Vatican’s financial watchdog authority reported Friday that it received 64 suspicious activity reports in 2019, 15 of which it... Read more

Cardinal George Pell.

Pell: Church’s mission ‘no justification’ for financial inefficiency or corruption

Jun 30, 2020

By Ed Condon

Cardinal George Pell has said that the Church’s spiritual mission is no excuse for bad management, and that financial corruption... Read more

St. Peter's Basilica.

Documents seized from office managing St. Peter's as Pope Francis appoints commissioner

Jun 30, 2020

Pope Francis has appointed a commissioner to reform the administration of the office responsible for the upkeep of St. Peter’s... Read more

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.

Mincione companies file suit against Vatican Secretariat of State and property holding company

Jun 29, 2020

By Ed Condon

Companies owned by Italian businessman Raffaele Mincione have filed lawsuits against the holding company which owns the London building at... Read more

Pope Francis delivers his Angelus address at the Vatican, June 6, 2021.

George Weigel: ‘Catholic lite’ and Vatican finances will top next pope’s agenda

Jun 23, 2020

By Christine Rousselle

Evangelizing countries where the faith has been watered down and resolving the ongoing financial crisis in the Vatican are challenges... Read more

St. Peter's Basilica.

Financial authority updates Vatican offices on policies to fight money laundering

Jun 17, 2020

By Hannah Brockhaus

Members of the Vatican's financial watchdog authority met this week to update offices on regulations to fight money laundering and... Read more

Police officer on duty at St Peter's Square in Vatican City.

Vatican officials grant bail to London property broker

Jun 15, 2020

The Vatican said Monday that officials had granted bail to the Italian businessman Gianluigi Torzi who was arrested as part... Read more

Pope Francis names lay finance expert as secretary of Vatican ‘central bank’

Jun 15, 2020

By Hannah Brockhaus

Pope Francis Monday appointed Fabio Gasperini, an Italian financial adviser working at Ernst and Young, to the second-ranking position at... Read more

Dome of St. Peter's basilica, Vatican City.

Analysis: Is the Torzi arrest a beginning or an end?

Jun 9, 2020

By Ed Condon

The arrest of Italian businessman Gianluigi Torzi for financial crimes was a major event. How “major” depends on if prosecutors see his arrest as the... Read more

Police officer on duty at St Peter's square in Vatican City.

Vatican officials arrest London property broker for extortion and money laundering

Jun 5, 2020

The Holy See press office announced Friday that Italian businessman Gianluigi Torzi has been arrested after he was interrogated as... Read more

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

Analysis: Vatican financial reform begins in earnest. Again.

Jun 1, 2020

By Ed Condon

On Monday, Pope Francis published sweeping new laws governing Vatican financial dealings. But the new laws are not really that new:... Read more