IRS Recognizes Vatican’s Steps to Prevent Fraud
The Vatican awaits the publication of the Moneyval report on its financial transparency and the effectiveness of the Vatican judicial system.
Results from Tag: 'vatican finances'
Disgruntled Vatican Employees Pen Letter to Pope Francis
The letter, published by Italian media, contends employees are the victims of widespread workplace injustices.
Vatican Finance Reform Continues With Two New Papal Decrees
Pope Francis issues sweeping new transparency laws for senior officials but critics doubt their efficacy unless the working culture of the Vatican changes.
Australian Federal Police Find No Criminal Misconduct in Mysterious Vatican Transfers
Local media reported last month that investigators had been unable to account for around $1.9 million in transfers from the Vatican to Australia, but that $5.4 million had been identified as being used for legitimate expenses, such as travel, wages, and pension payments.
Cardinal Pell: ‘Clear Headed’ Women Will Help ‘Sentimental Males’ Clean Up Vatican Finances
Speaking during a Jan. 14 webinar about financial transparency in the Catholic Church, Cardinal Pell praised the appointees as “highly competent women with great professional backgrounds.”
‘Computer Coding Error’ Responsible for Claims of Massive Transfers of Vatican Funds to Australia
In a Jan. 13 statement, the Vatican said the new figure is “attributable, among other things, to some contractual obligations and the ordinary management of its resources.”
Report: Australia’s Financial Crime Watchdog Says it Vastly Overestimated Vatican Transfers
Working with the Vatican’s Supervisory and Financial Information Authority, AUSTRAC found that there were 362 transfers from the Vatican to Australia between 2014 and 2020, amounting to $7.4 million.
Cardinal Parolin Letter Not a ‘Smoking Gun’ Regarding Failed Vatican Property Deal
Sources tell the Register that the March 2019 letter the Vatican secretary of state sent to the president of the Vatican Bank appears to be a justifiable action intended to stem further losses on the property transaction.
Pope Francis Issues Law Reorganizing Vatican Finances
Under the new law, APSA will gain ownership of funds, bank accounts, and investments, including real estate, previously administered by the Secretariat of State from Jan. 1, 2021.
Report: Australia’s Church Leaders Were Unaware of $1.7 Billion Transferred From Vatican
The report by an Australian newspaper, which drew on documents from Australia’s financial crime regulator, did not detail where the money was dispersed.
