The United States added Vatican City State to its list of countries that conform to international standards regarding the verification of the identity of persons conducting financial transactions through its institutions, including the so-called Vatican ...
Financial speculation is unsustainable and dangerous, therefore, markets must be regulated and the poor protected, Pope Francis said. "We still have time to start a process of global change to put into practice a different, more ...
With the need to reduce costs and make sure employees are not laid off, Pope Francis has approved pay cuts for cardinals, clergy, religious and upper management officials who work in the Roman Curia and ...
Revenue shortfalls and a current budget deficit require increased efficiency, transparency and creativity while working to continue to fully carry out the mission of the universal church, said the head of the Vatican's economic office. "A ...
While questions remain about dubious financial dealings in the past and about future uncertainties due to the COVID-19 pandemic, the Vatican's steady move toward financial transparency is on the right track, said Cardinal George Pell, ...
A new law that removes financial assets from the control of the Vatican Secretariat of State is a step forward on the path of financial reform, said Bishop Nunzio Galantino, president of Administration of the ...
Pope Francis approved a new set of laws that formally transfer the management of all bank accounts and financial investments belonging to the Vatican Secretariat of State. Issued "motu proprio," on the pope's own accord, and ...
Pope Francis approved new changes to the Vatican's financial watchdog agency concerning its internal governance, hiring procedures and its role as a "supervisory" body. Established in 2010 and charged with preventing and countering suspected money laundering ...
Continuing his efforts to ensure financial transparency and accountability, Pope Francis named Cardinal Kevin J. Farrell, prefect of the Dicastery for Laity, the Family and Life to lead a commission that determines which economic activities ...
Broad reforms that would contribute to greater accountability and transparency regarding church finances are needed to address the financial crisis the church faces and is intensifying because of the coronavirus pandemic, said a report emerging ...
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