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December 7, 2020

Pope Francis approves changes for Vatican's financial watchdog agency

Carmelo Barbagallo, president of the Vatican's Supervisory and Financial Information Authority, poses in a July 2, 2020, photo. Pope Francis has approved a new statute for the Vatican's financial watchdog agency to improve independence and oversight powers.

VATICAN CITY - 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.

Published in Vatican
December 15, 2015

Vatican told to get tough on those caught laundering money

Vatican told to get tough on those caught laundering money

VATICAN CITY - A European financial crimes watchdog on Tuesday (Dec. 15) called on the Vatican to prosecute those caught money laundering, stating the Holy See must act to ensure the success of its financial reforms.

Published in Vatican
November 9, 2015

Leaked documents won't stop financial reforms, Pope says

Leaked documents won't stop financial reforms, Pope says

VATICAN CITY - Leaked and published information about Vatican financial problems and irregularities were already known and are the reason "measures have already been taken that have begun to bear fruit," Pope Francis said.

Published in Vatican
November 4, 2015

News 'VatiLeaks' 2015: Books claim strong resistance to pope's finance reform

Merchants in the Temple is Italain journalist Gianluigi Nuzzi's second book based on leaked documents from the Vatican. Photo courtesy of Catholic News Service.

VATICAN CITY - Financial wrongdoing at the Vatican, leaked documents and arrests by the Vatican police may make it seem like 2012 all over again, but the situation -- while serious -- is not the breach of papal privacy that the earlier "VatiLeaks" scandal was.

Published in International
May 21, 2015

Franciscan order re-elects American brother amid ongoing financial crisis

Delegates to the general chapter of the Franciscans elected U.S. Franciscan Father Michael Perry to a six-year term as head of the order after he had served in the role for two years. He is pictured in a 2013 photo in Rome.

An influential Franciscan order re-elected its American leader Thursday (May 21), just months after some of its members were accused of embezzling tens of millions of dollars.

Published in International