According to a June 6, 2023, article by Religion News Service, the Vatican bank—once a symbol of financial malfeasance—has successfully rebranded itself as a pillar of transparency at the Vatican. The late Cardinal Pell of Australia, at the behest of Pope Francis, played a major role in radically transforming the Vatican bank policies and practices.…
CNA—A Vatican policy published Tuesday says that the Holy See’s financial investments cannot contradict Catholic teaching. The policy stipulates that Vatican investments should “be aligned with the teachings of the Catholic Church, with specific exclusions for financial investments which contradict its fundamental principles, such as the sanctity of life or the dignity of the human…
CNA—The Vatican’s “trial of the century”, scheduled to continue in September, has so far offered plenty of drama and raised numerous unanswered questions. One of the most sensitive, not just for Catholics who have donated money to the Vatican, is this: Was Peter’s Pence used to finance investments like the now infamous London property deal?…
CNA—The Vatican’s financial watchdog authority reported on Monday that it received 104 suspicious activity reports in 2021, an increase from the previous year. In a 35-page annual report, released on June 13, the Supervisory and Financial Information Authority (ASIF) said that it submitted 21 reports to the Vatican’s Promoter of Justice (prosecutor), the highest number…
