Posts Tagged
Vatican finances
New policy says Vatican investments cannot contradict Catholic teaching
by Hannah Brockhaus Rome Newsroom, Jul 19, 2022 / 05:42 am A Vatican policy published Tuesday says that the Holy See’s financial investments cannot contradict Catholic teaching. The policy stipulates that Vatican investments should “be aligned with the teachings of the Catholic Church, with specific exclusions for financial investments which …
5 things to know about the Vatican finance trial involving Cardinal Becciu
by Hannah Brockhaus Vatican City, Oct 4, 2021 / 13:00 pm The second hearing in a historic Vatican finance trial is set for Tuesday after proceedings kicked off at the end of July. The trial is the culmination of more than two years of investigation by the Vatican into what …
Why has a Vatican judge ordered Cardinal Becciu and nine others to stand trial?: A CNA explainer
by Hannah Brockhaus Vatican City, Jul 3, 2021 / 11:50 am The Vatican’s court announced Saturday that it had indicted 10 individuals, including Cardinal Angelo Becciu, on charges including abuse of office, embezzlement, and fraud, and that a trial will begin July 27. What is the story behind the trial? …
Cardinal Becciu to stand trial at Vatican for embezzlement and abuse of office
by Hannah Brockhaus Vatican City, Jul 3, 2021 / 05:30 am The Vatican announced Saturday that Cardinal Angelo Becciu will be tried on charges of embezzlement and abuse of office. The Vatican court also announced it will hold a criminal trial against nine people and four corporations in connection with …
In anti-corruption law, Pope Francis seeks to quash Vatican ‘envelope’ culture with ban on gifts over $50
by Hannah Brockhaus Vatican City, Apr 29, 2021 / 04:50 am America/Denver (CNA). As part of a sweeping new anti-corruption law, Pope Francis on Thursday declared that officials of the Roman Curia should no longer accept personal gifts with a monetary value over 40 euros (about $50). The new rule …
Pope Francis issues law reorganizing Vatican finances
Vatican City, Dec 28, 2020 / 05:10 am MT (CNA).- Pope Francis issued a new law Monday reorganizing Vatican finances following a series of scandals. In a document issued Dec. 28, the pope formalized the transfer of financial responsibilities from the Vatican’s Secretariat of State to the Administration of the …
Pope Francis transfers financial administration out of Secretariat of State
By Hannah Brockhaus Vatican City, Nov 5, 2020 / 07:00 am MT (CNA).- Pope Francis has requested that responsibility for financial funds and real estate assets, including a controversial London property, be transferred out of the Vatican’s Secretariat of State. The pope asked for the management and administration of the …
Cardinal Pell speaks on maintaining hope in prison, Vatican finances
CNA Staff, Aug 17, 2020 / 04:20 pm MT (CNA).- Cardinal George Pell, who was acquitted this year after becoming the highest-ranking Catholic cleric ever to be convicted of sexual abuse, spoke this week about how he maintained hope during his 400 days in prison. “The virtue of Christian hope …
Pope creates body to revamp Vatican’s bookkeeping, fiscal responsibility
By Carol Glatz Catholic News Service Pope Francis has named a new commission to investigate current accounting practices among all Vatican offices and bodies and to help devise new strategies for greater fiscal responsibility and transparency. The new pontifical commission of business and legal experts will “offer technical support” and …