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Vatican Finances
Vatican Finances: London Deal Players Had Prior History
In the months before Gianluigi Torzi was asked by the Holy See to act as middle man for the final purchase of the London property at 60 Sloane Ave. from Raffaele Mincione, a company owned by Mincione secured a multi-million-euro loan from a company controlled by Torzi.
Analysis: 2020, the Year to Make or Break Vatican Finances?
The Holy See is facing a perfect storm of a massive income shortfall, months of financial scandal, and a looming international banking inspection.
Pope Francis Names Lay Finance Expert as Secretary of Vatican ‘central bank’
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).
Vatican Financial Reform Begins in Earnest Again: Analysis
On Monday, Pope Francis published sweeping new laws governing Vatican financial dealings. But the new laws are not really that new: They resurrect measures called for during the first days of the Francis pontificate. And now they’re back.
Swiss Accounts Frozen in Vatican Property Deal Probe
Tens of millions of euros have been frozen in Swiss banks as part of the investigation into a Vatican property investment, according to a Swiss media report.
Pope Francis Reforms Vatican City Courts With New Law
The new law provides enhanced safeguards for the independence of judges and prosecutors in Vatican City.
Suspension Revoked For Vatican’s Financial Watchdog Authority
The new head of the Vatican Financial Intelligence Authority (AIF) announced Thursday that the Vatican’s internal financial watchdog’s suspension from an international group has been revoked, and the AIF can resume collaboration with foreign financial intelligence units.
Vatican Investments Linked to Global Money Laundering Investigations
A fund in which the Vatican’s Secretariat of State has invested tens of millions of euros has links to two Swiss banks investigated or implicated in bribery and money laundering scandals involving more than one billion dollars. The fund is under investigation by Vatican authorities.
Pope names financial supervisor president of watchdog authority
Pope Francis Wednesday appointed an auditor and Italian banking consultant as president of the Financial Information Authority (AIF), the Vatican’s internal financial watchdog.
President of Vatican's Financial Watchdog Authority Ends Term
The Vatican announced Monday that René Brüelhart, president of the Vatican’s Financial Information Authority (AIF) has ended a five-year term and Pope Francis has chosen his successor.
McCarrick: Foundation ‘irresponsible’ to Question Controversial Vatican Grant
McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the Papal Foundation, for a bankrupt Italian hospital, the Istituto Dermopatico dell’Immacolata (IDI).
Vatican Cardinals Linked to Missing Millions and Financial Scandal
Cardinal Angelo Becciu and Cardinal Giuseppe Versaldi have been key players in a complicated series of financial transactions to finance the Vatican Secretariat of State’s 2015 acquisition of the hospital.
