Vatican Finances - Latest News
Nov 19, 2018 - 11:28 am .- A U.S.-based organization of Catholic business executives has decided not to collect from its members the portion of their dues that would constitute its 2019 donation to the Holy See.
Feb 12, 2018 - 03:00 pm .- A Vatican Court has found two former IOR senior managers liable for mismanagement, and ordered them to compensate the IOR for resulting damages.
Dec 11, 2017 - 01:30 pm .- The Council of Europe’s Moneyval committee has praised the Holy See’s financial intelligence unit, the Financial Information Authority, in a report published last week.
Oct 15, 2017 - 01:09 pm .- Vatican City announced Saturday the conclusion of the corruption trial of the former president and treasurer of the Vatican-owned Bambino Gesù hospital in Rome.
Sep 24, 2017 - 10:25 am .- The Vatican has issued a response to allegations made by former auditor general Libero Milone, who, three months after mysteriously stepping down in the middle of a five-year mandate, has said he was “threatened” into resignation by an “old guard” opposed to his work.
May 16, 2017 - 06:29 am .- The Vatican’s 2016 AIF financial report shows the trend toward transparency of previous years has continued, with a drop in suspicious activity and a growing number of international collaborators.
Jan 17, 2017 - 12:46 pm .- In reaction to a new book claiming that Pope Francis has in fact done little to combat clerical sex abuse, and that Cardinal George Pell is implicated, the Australian cardinal's office has dismissed the claims as motivated by opposition to reform.
Jul 9, 2016 - 11:58 am .- A new set of reforms further clarifying the roles of Vatican financial offices was announced July 9, implementing changes set in motion by Pope Francis’ 2014 edict, “Fidelis dispensator et prudens.”
Jun 10, 2016 - 05:36 am .- After putting a freeze on their contract with external auditor PricewaterhouseCoopers in April, the Vatican has announced a new agreement with the company, who will now serve as an aide to the Holy See’s own internal auditing entity.
Feb 7, 2016 - 04:23 pm .- The Vatican’s recent financial reforms have the common good – not just efficiency – as their end, said an economist on the Holy See’s financial council.  
Nov 12, 2015 - 03:31 am .- The two Italian journalists who made headlines last week for authoring books on confidential Vatican financial documents are under investigation, and could face criminal charges.
May 28, 2015 - 12:03 am .- The Vatican Bank’s net profits in 2014 jumped to $75.5 million from only $3.2 million the previous year, reflecting a change in its financial management and investments.
Mar 31, 2015 - 11:48 am .- Tuesday's appointment of Cardinal Giuseppe Versaldi as prefect of the Congregation for Catholic Education, together with Cardinal Rainer Maria Woelki's commission as a member of the Administration of the Patrimony of the Apostolic See, signals that Vatican financial reform continues and that curial reform will need time to become effective.
Jul 17, 2014 - 08:04 pm .- The Institute for Religious Works, or 'Vatican Bank', has released its annual report for 2013, announcing the start of the second phase of its intended reform.
Jul 8, 2014 - 02:01 pm .- The Institute for the Works of Religion, or “Vatican bank”, published its 2013 financial statement Tuesday, concluding the first step of an ongoing reform to improve financial transparency at the Vatican.
Jul 5, 2014 - 10:26 am .- The Financial Intelligence Authority, the Vatican’s financial watchdog, has agreed to exchange information with the U.S. government, significantly strengthening international cooperation on financial concerns.
Jul 3, 2014 - 12:01 am .- On the second of four days of meetings, the council of eight cardinals discussed the management of the Vatican State and of the Curia, including the so-called “Vatican Bank,” whose process of reform is ongoing.
Jan 16, 2014 - 10:17 am .- The Commission of Cardinals overseeing the Institute for the Works of Religion, or “Vatican bank”, were named on Wednesday; of the five existing members, only one was confirmed in his post.
Nov 18, 2013 - 03:09 pm .- Pope Francis on Nov. 15 approved a new document on the rules for the Holy See's financial oversight agency to distinguish better the roles and functions of its leadership.
Aug 8, 2013 - 09:36 am .- Pope Francis has issued a declaration that increases the power of the Financial Information Authority and continues the Vatican's efforts to update its statutes that prevent money laundering.