Vatican Finances

The Latest

Rene Bruelhart.

President of Vatican's financial watchdog authority ends term

Nov 18, 2019

By Hannah Brockhaus

The Vatican announced Monday that René Brüelhart, president of the Vatican’s Financial Information Authority (AIF) has ended a five-year term... Read more

Theodore McCarrick.

McCarrick: Foundation ‘irresponsible’ to question controversial Vatican grant

Nov 6, 2019

By Ed Condon

McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the... Read more

His Eminence Giovanni Angelo Becciu, Prefect of the Congregation for the Causes of Saints, June 27, 2019.

Vatican cardinals linked to missing millions and financial scandal

Oct 29, 2019

By Ed Condon

Cardinal Angelo Becciu and Cardinal Giuseppe Versaldi have been key players in a complicated series of financial transactions to finance... Read more

St. Peter's Basilica.

Legatus will not collect 2019 tithe to Holy See

Nov 19, 2018

A U.S.-based organization of Catholic business executives has decided not to collect from its members the portion of their dues... Read more

St. Peter's Basilica.

Analysis: Two former IOR senior managers found guilty of mismanagement

Feb 12, 2018

By Andrea Gagliarducci

A Vatican Court has found two former IOR senior managers liable for mismanagement, and ordered them to compensate the IOR... Read more

Analysis: What the Vatican does to stop money laundering

Dec 11, 2017

By Andrea Gagliarducci

The Council of Europe’s Moneyval committee has praised the Holy See’s financial intelligence unit, the Financial Information Authority, in a... Read more

A view of St. Peter's Basilica in Vatican City, Jan. 25, 2015.

Vatican City court finds former hospital president guilty of corruption

Oct 15, 2017

By Hannah Brockhaus

Vatican City announced Saturday the conclusion of the corruption trial of the former president and treasurer of the Vatican-owned Bambino... Read more

A view of St. Peter's Basilica in Vatican City Jan. 25, 2015.

Vatican responds to allegations that ex-auditor was ousted

Sep 24, 2017

By Elise Harris

The Vatican has issued a response to allegations made by former auditor general Libero Milone, who, three months after mysteriously... Read more

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

Annual report shows progress in Vatican financial transparency

May 16, 2017

By Elise Harris

The Vatican’s 2016 AIF financial report shows the trend toward transparency of previous years has continued, with a drop in... Read more

Cardinal George Pell, prefect of the Secretariat for the Economy, outside Rome's Hotel Quirinale, March 3, 2016.

Cardinal Pell's office dismisses attacks as opposition to reform

Jan 17, 2017

In reaction to a new book claiming that Pope Francis has in fact done little to combat clerical sex abuse,... Read more

Pope separates oversight, administration in ongoing reform of Vatican finances

Jul 9, 2016

By Ann Schneible

A new set of reforms further clarifying the roles of Vatican financial offices was announced July 9, implementing changes set... Read more

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