Vatican Bank

Vatican Watch – June/July

MAY Thursday 1 New commission on abuse prevention A new papal commission for protecting minors from sexual abuse met today for the first time to discuss its mandate and expand input from more countries. Pope Francis established the “Pontifical Commission for the Protection of Minors” in December. The commission’s May 1-3 meetings are being held at [...]

Vatican Financial Investigator Says Laws, Roles Will Be Strengthened

The director of the Vatican’s Financial Intelligence Authority said the Vatican will further amend its finance-related laws in the coming months, increase screening of account holders at the Vatican bank and continue assessing the potential risk that accounts could be used for money laundering and the financing of terrorism. Rene Brulhart, the Swiss finance lawyer hired [...]

By |2013-07-01T20:12:13+00:00Jul 1st, 2013|Categories: News|Tags: , , , , , |

Reform of IOR

In the popular imagination, the Vatican bank is so shady that even the German businessman appointed its president in February thought his task would be “cleaning out and dealing with improper deposits.” But Ernst von Freyberg, president of the Institute for the Works of Religion, the formal title of the bank, told Vatican Radio and several [...]

By |2013-07-01T20:11:29+00:00Jul 1st, 2013|Categories: News|Tags: , , , |