National Catholic Register News
https://www.ncregister.com/tag/vatican-financial-reform
Among the defendants is Cardinal Angelo Becciu, the first cardinal to be tried by the tribunal of the Vatican City State since Pope Francis changed the rules to allow it in April.
Father Guerrero told Vatican News the Holy See comes “from a culture of secrecy, but in economics we have learned that transparency protects us more than secrecy.”
In his journal, Cardinal Pell warned of the Vatican’s annual financial deficits as one of two “major challenges” facing the Holy See, noting that future popes “will face huge financial challenges” if the annual deficits are not addressed.
A judge says businessman who helped to broker the Vatican’s controversial purchase of a London investment property is a flight risk.
The extensive reporting by the ‘Financial Times’ about a shady Vatican land transaction in London, and the pandemic’s restrictions, have combined to focus the Holy Father’s attention on this area.
During the news program, Marogna was asked if she was part of “in short, a parallel secret service,” which she affirmed, adding that it worked “in interaction with other parallel international secret services.”
The pope said that the new law was intended to bring the Holy See and Vatican City State further into line with international best practices on corruption and financial transparency,
The Vatican’s March 20 statement about Capolupo’s appointment said “the Holy See continues to show its closeness and support to the Foundation and its works, which perpetuate the legacy of Fr. Monti through the prompt care of the suffering and fraternal attention to their needs.”
Barbagallo, whose role as president is significantly strengthened by the changes, said that one of the most important novelties was that in future the agency would be required to follow stricter rules on the appointment of new lay personnel.
Libero Milone said he was ‘threatened’ into resignation by an ‘old guard’ opposed to his work. The Vatican’s Sept. 24 statement voiced ‘surprise and regret’ at the allegations.
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