Tag: Vatican Bank

Opinion

What if the Vatican actually goes broke?

What if Vatican Goes Broke Title: What if the Vatican actually goes broke? Author: Ed Condon Publisher: The Pillar Catholic Date: 16FEB2024 The Holy See is, by its own accounting, in serious financial straits. While some curial asset managers have begun to show modest-to-moderate returns in recent years, donations remain down and the Vatican is

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Madonnina
Opinion

As Cardinal Becciu goes to court, Francis’ financial reforms also on trial

Giovanni Angelo Becciu Trial Title: As Cardinal Becciu goes to court, Francis’ financial reforms also on trial Author: Jason Berry Publisher: National Catholic Reporter (NCR) Date: 27JUL2021 The Vatican is opening criminal proceedings on July 27 against Giovanni Angelo Becciu, a once-powerful cardinal demoted by Pope Francis last fall, and nine other defendants. They are

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Pope Francis abolishes pontifical
News

Australian police say no criminal misconduct in Vatican funds transfer

AUSTRAC Pell Becciu Vatican Title: Australian police say no criminal misconduct in Vatican funds transfer Reporting: Renju Jose Editing: Himani Sarkar & Michael Perry Publisher: Reuters Date: 02FEB2021 SYDNEY (Reuters) -There was no evidence of criminal misconduct in the transfer of an estimated to A$9.5 million ($7.23 million) from the Vatican to Australia between 2014

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Pope Francis abolishes pontifical
News

The Mystery of the Vatican – Australia money pipeline

Vatican Australia Money Transfers Title: The Mystery of the Vatican – Australia money pipeline Author: JD Flynn Publisher: The Pillar Date: 09JAN2021 What we know, and what we don’t. A Pillar Explainer. An Australian newspaper called The Australian reported last month that since 2014, billions of dollars have been transferred from the Vatican to bank

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Pope Francis abolishes pontifical
News

Is Money Laundering the Reason for Unexplained Funds Transfer from the Vatican to Australia?

Vatican Money Laundering AUSTRAC Title: Is Money Laundering the Reason for Unexplained Funds Transfer from the Vatican to Australia? Author: Edward Pentin Publisher: National Catholic Register Date: 08JAN2021 Senior Vatican officials tell the Register they are continuing to investigate reports that $1.8 billion was wired between 2014 and 2020, but what happened and why remains

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Pope Francis abolishes pontifical
News

Australian agency reviewing data on Vatican money transfers

AUSTRAC Vatican Money Transfers Title: Australian agency reviewing data on Vatican money transfers Author: Nicole Winfield with contribution from Rod McGuirk Publisher: ABCNews/Associated Press Date: 07JAN2021 Australia’s financial intelligence agency says it’s reviewing its data after questions were raised about its report that $1.8 billion was transferred from the Vatican to Australia over six years.

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Pope Francis abolishes pontifical
News

Vatican fund transfers to Aust a mystery

Mystery Vatican Funds Australia Title: Vatican fund transfers to Aust a mystery Author: Philip Pullella Publisher: AAP via Yahoo News website Date: 31DEC2020 The Vatican and the Australian Catholic Church have both denied knowledge of transfers worth $A2.35 billion which Australia’s financial watchdog says have been sent from Rome to Australia in the past seven years.

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