National Catholic Register News
https://www.ncregister.com/tag/vatican-finances
The report details that of the 79 suspicious activity reports received, 73 came from the Vatican’s bank, the Institute for Works of Religion, with 36 of these connected to high-risk jurisdictions.
The pontiff also pointed out 'the need for each institution to strive to find external resources for its mission, setting an example of transparent and responsible management in the service of the Church.'
Libero Milone is suing the Holy See for 9.3-million euros for unfair dismissal.
Libero Milone and his former deputy Ferruccio Panicco, who died of cancer last month, filed a $10 million against the Vatican last November for unlawful dismissal.
There are about 5,000 Vatican employees, split between the Vatican City State administration and the Holy See.
The rescript, which was posted in the Vatican following a Feb. 13 meeting with Pope Francis, says housing perks for high-level Vatican officials are being cut to meet the growing needs of the Church in an economic context ‘of particular gravity.’
The document on the ‘inherent right’ of the Holy See to acquire temporal goods reinforces the Pope’s centralization of the Holy See’s finances.
Libero Milone and his former deputy Ferruccio Panicco are seeking to clear their name, five years after they say they were wrongfully dismissed.
The Holy See’s annual report, which indicates a smaller-than-expected deficit but an uncertain future, includes the financial status of previously undisclosed Church entities as part of a trend toward greater transparency.
The policy, which continues Pope Francis’ reform of Vatican finances, will go into effect Sept. 1.
Subscriber Service CenterAlready a subscriber? Renew or manage your subscription or gift subscription.
My AccountSubscribe for just $49.95 $32.50!Start your Register subscription today.
Give a Gift SubscriptionBless friends, family or clergy with a gift of the Register.
Order NowOrder Bulk SubscriptionsGet a discount on 6 or more copies sent to your parish, organization or school.
Order NowSign-up for E-NewsletterGet Register Updates sent daily or weeklyto your inbox.
Sign Up
