According to its annual report released on Wednesday, the Vatican’s Supervisory and Financial Information Authority (ASIF), established by Pope Benedict XVI in 2010 to combat money laundering and terrorist financing and financial intelligence, continues its “incisive” work. The 2022 annual report traces the activities carried out by the ASIF over the past twelve months, and Read more
Posts Tagged ‘Vatican financial reforms’
Layman appointed as Vatican finance czar
Monday, December 5th, 2022
Fr Juan Antonio Guerrero Alves is to step down after three years as prefect of the Vatican’s Secretariat for the Economy, and a layman has been appointed to replace him. The 63-year-old Spanish Jesuit cited health reasons for his decision, and Maximino Caballero Ledo (pictured), the institution’s secretary general since August 2020, will take his Read more
Vatican offers guidelines for faith-consistent investing
Monday, November 28th, 2022
The Vatican is providing investing guidelines to help Catholic institutions and individuals invest in a way consistent with the values of their faith. No investment of money is morally neutral; “either God’s kingdom is being advanced by the assets we deploy, or it is being neglected and undermined,” said a document titled “Mensuram Bonam”. Mensuram Read more
Vatican denies legal claims of former Vatican auditors and investigates them instead
Monday, November 21st, 2022Vatican prosecutors shot down a legal suit filed by ex-Vatican auditor Libero Milone and his deputy, Ferruccio Panicco, on Wednesday (Nov 16) and reopened criminal investigations into the two men who once oversaw the balance sheets of Vatican departments. “This is unacceptable!” said a visibly irate Milone at a news conference in Rome on Thursday. Read more
Pell praises Pope’s reforms
Monday, May 2nd, 2022
The Vatican’s former treasurer, Cardinal George Pell, has praised Pope Francis’ reforms designed to improve transparency in the Holy See. Pell was speaking at “Real Estate and the New Evangelisation,” an event held in Rome on April 28. The cardinal addressed several questions raised by recent financial scandals in the Catholic Church. Francis’ reforms of Read more
Holy See cuts corruption, centralises procurement and contracting
Thursday, June 4th, 2020
Centralising procurement procedures and contracting are among several measures the Vatican is establishing to cut waste, root out corruption and bring the Holy See’s finances into the 21st century. Pope Francis approved new norms governing contract bids and procurement procedures in his latest effort to reform the Vatican’s finances. The Vatican’s financial situation was reportedly Read more