Vatican financial reform - Latest News :: Catholic News Agency (CNA)

Vatican financial reform - Latest News

Jan 30, 2021 - 06:00 am .- Cardinal Pietro Parolin has said that he does not consider the Vatican’s financial scandals to be “a crisis,” but pointed to the recent headlines as a sign of the Vatican’s transparency.
Aug 27, 2020 - 01:00 pm .- In an interview Thursday, Cardinal Pietro Parolin, the Vatican Secretary of State, spoke about uncovering financial scandal, saying that hiding scandal increases and entrenches it.
Jun 30, 2020 - 04:35 am .- Pope Francis has appointed a commissioner to reform the administration of the office responsible for the upkeep of St. Peter’s Basilica, where documents and computers were seized by order of judicial authorities June 30.
Jun 17, 2020 - 06:00 am .- Members of the Vatican's financial watchdog authority met this week to update offices on regulations to fight money laundering and the financing of terrorism organizations.
Jun 15, 2020 - 08:05 am .- Pope Francis Monday appointed Fabio Gasperini, an Italian financial adviser working at Ernst and Young, to the second-ranking position at the Administration of the Patrimony of the Apostolic See (APSA).
May 1, 2020 - 03:00 pm .- The Holy See has announced that new "measures" have been taken against officials at the Vatican Secretariat of State as part of ongoing investigations into financial dealings at the curial department.
Feb 15, 2020 - 05:24 am .- As the Holy See awaits the results of a scheduled financial inspection, Pope Francis spoke about ongoing financial reform and investigations at the opening of the judicial year of the Vatican City State’s court, which he attended for the first time.
Dec 17, 2019 - 01:50 pm .- Two investment funds used by Vatican dicasteries were also used by a major Italian bank to conceal illegal investments for which the bank was eventually closed.
Dec 16, 2019 - 03:40 pm .- The Vatican’s unfolding financial scandal has not yet led to action at the Vatican. To understand why, it’s important to understand something about the scandal itself.
Dec 10, 2019 - 03:50 pm .- The Italian businessman responsible for investing millions of Vatican funds owned a stake in an online options trading company fined in 2016 by the Securities and Exchange Commission for misleading investors.
Nov 29, 2019 - 03:40 pm .- Antonio Maria Leozappa, president of the Fondazione Luigi Maria Monti, issued a letter to offer “clarification and rectification” on the reported use of funds from APSA in the foundation’s 2015 purchase of the Istituto Dermopatico dell’Immacolata (IDI).
Nov 26, 2019 - 11:31 am .- Although investigators are looking into a controversial Vatican investment in a luxury London property development, whether the deal was corrupt is still an open question, Pope Francis said Tuesday.
Nov 21, 2019 - 12:00 pm .- The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities.
Nov 5, 2019 - 11:12 am .- A 50 million euro loan request to secure the purchase of a bankrupt hospital was vetoed by Cardinal George Pell and financial authorities at the Institute for Works of Religion, commonly called the Vatican Bank, before it was approved by the Holy See’s central bank, APSA.
Nov 4, 2019 - 12:00 pm .- Senior Vatican sources have told CNA that a controversial Vatican investment in a London property development was financed with borrowed money, and not with Vatican funds, as has been reported. 
Oct 22, 2019 - 10:00 am .- The head of the Vatican’s sovereign asset management body has insisted that the Holy See is not headed for financial “collapse.”
Oct 2, 2019 - 12:43 pm .- An Italian news magazine has reported that five Vatican employees have been suspended following an Oct. 1 raid of offices within the Vatican’s Secretariat of State.
Apr 27, 2018 - 06:20 am .- The Vatican's annual financial report this year showed that monitoring systems put into place nearly five years ago continue to be effective, however, there is still room to grow in terms of prosecution for questionable activities.
Jun 20, 2017 - 12:37 pm .- In an unexpected move in the Holy See’s ongoing financial reform, the Vatican announced on Tuesday the resignation of Libero Milone, General Auditor of the Holy See, effective immediately.