Review shows Australia made huge miscalculation on funds transfers, Vatican says
Vatican CityReuters Australia’s financial watchdog has drastically reduced the sum of money it says was sent from the Vatican to Australia, the Vatican said on Wednesday, after it earlier reported a huge figure which raised suspicions of money laundering. The joint Vatican-Australian review showed only $A9.5 million transited between 2014 and 2020, a fraction of […]
Pope formally strips Vatican Secretariat of State of assets
Rome, ItalyAP Pope Francis has formally stripped the Vatican Secretariat of State of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation. Francis signed a new law over the weekend ordering the Secretariat of […]
Pope moves against Secretariat of State amid finance scandal
Rome, ItalyAP Pope Francis is giving the Vatican Secretariat of State three months to transfer all of its financial holdings to another Vatican office following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation. Francis summoned the Secretary of State, Cardinal Pietro […]