Vatican financial reform

The Latest

Cardinal George Pell gives an interview to EWTN News in Rome, Italy, on Dec. 9, 2020. Credit: Daniel Ibáñez/CNA.

Cardinal Pell: ‘Resistance’ in the Secretariat of State cost Vatican money in London deal

Nov 4, 2021

By Hannah Brockhaus

‘We had the authority to enter, but they prevented us,’ he said. Read more

The Vatican flag.

Vatican’s financial watchdog highlights ‘increasing trend’ in reports to Promoter of Justice

Jul 15, 2021

By CNA Staff

The agency said the Vatican compared favorably to other jurisdictions. Read more

Financial watchdog tells Vatican to improve judicial action on crime

Jun 9, 2021

By Hannah Brockhaus

The Moneyval report noted improvements to the Vatican’s regulations to fight money laundering. Read more

The dome of St. Peter’s Basilica.

IRS recognizes Vatican’s steps to prevent fraud

Jun 3, 2021

By Courtney Mares

The IRS says that Vatican City State meets its international standards for customer due diligence. Read more

A YouTube screenshot of the KTO TV interview with Cardinal Pietro Parolin.

Cardinal Parolin on Vatican finances: 'Talking about a crisis is a bit excessive'

Jan 30, 2021

By Courtney Mares

Cardinal Pietro Parolin has said that he does not consider the Vatican’s financial scandals to be “a crisis,” but pointed... 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

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

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

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

St. Peter's Basilica and square closed to public March 10, 2020.

Vatican confirms ‘individual measures’ taken against staff in financial investigation

May 1, 2020

The Holy See has announced that new "measures" have been taken against officials at the Vatican Secretariat of State as... Read more

Pope Francis May 12, 2019.

Pope Francis speaks about financial reforms to Vatican tribunal

Feb 15, 2020

By Hannah Brockhaus

As the Holy See awaits the results of a scheduled financial inspection, Pope Francis spoke about ongoing financial reform and... Read more

Raffaele Mincione.

Vatican’s investment funds were vehicles for Italian bank fraud

Dec 17, 2019

By Ed Condon

Two investment funds used by Vatican dicasteries were also used by a major Italian bank to conceal illegal investments for... Read more

St. Peter's Basilica.

Analysis: The Vatican's finance scandal, and faithful stewardship

Dec 16, 2019

By JD Flynn

The Vatican’s unfolding financial scandal has not yet led to action at the Vatican. To understand why, it’s important to... 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’s investment manager backed company that ‘misled investors’

Dec 10, 2019

By Ed Condon

The Italian businessman responsible for investing millions of Vatican funds owned a stake in an online options trading company fined... Read more

Vatican City. Stock Image via Shutterstock

IDI foundation president gives new detail on Vatican loans for hospital purchase

Nov 29, 2019

Antonio Maria Leozappa, president of the Fondazione Luigi Maria Monti, issued a letter to offer “clarification and rectification” on the... Read more

Pope Francis during an in flight press conference on the papal plane, Nov. 26, 2019.

On papal flight, Pope Francis talks Vatican financial scandal

Nov 26, 2019

By Hannah Brockhaus

Although investigators are looking into a controversial Vatican investment in a luxury London property development, whether the deal was corrupt... Read more

Cardinal George Pell.

Vatican officials: Swiss bank suspected of money laundering led to Pell conflict

Nov 21, 2019

By Ed Condon

The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican... Read more

Cardinal George Pell of Sydney speaks during a press conference at the Vatican Press Office on July 9, 2014.

Cardinal Pell objected to controversial Vatican hospital loan

Nov 5, 2019

By Ed Condon

A 50 million euro loan request to secure the purchase of a bankrupt hospital was vetoed by Cardinal George Pell... Read more

Cardinal (then Archbishop) Giovanni Angelo Becciu aboard the papal flight to Colombo, 2015.

Vatican’s $200 million London property deal financed with borrowed money, sources say

Nov 4, 2019

By Ed Condon

Senior Vatican sources have told CNA that a controversial Vatican investment in a London property development was financed with borrowed... Read more

Street in front of St Peter 's Basilica in the Vatican.

Vatican’s asset manager says Holy See is not going broke

Oct 22, 2019

The head of the Vatican’s sovereign asset management body has insisted that the Holy See is not headed for financial... Read more