Vatican Bank

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 [...]

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 [...]