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Vatican Finances

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

For the Vatican bank, a new direction means profitability

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

CNA

Vatican bank president focusing on image change

The new head of the Vatican’s Institute for Works of Religion, Ernst von Freyberg, says his main goal is to... Read more

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

Vatican's financial intelligence unit nets suspicious activity

The Vatican revealed that its enhanced procedures have enabled it to flag more suspicious transactions in 2012 than it did... Read more

CNA

Vatican bank plans website launch, annual report

The institution often called the Vatican bank will launch a new website and begin publishing its annual report, as it... Read more