Tag: Vatican bank

• Monday, July 22nd 2013 - 00:22 UTC

  Scandal-hit Vatican bank struck by ‘gay lobby’ conspiracy claims Italian magazine

  

  A few hours before Francis started his first overseas tour to Brazil, the Vatican’s ‘gay lobby’ was back in the headlines after the alleged exposure of a homosexual prelate appointed by the pope to a key position at the Vatican bank, IOR.

• Saturday, July 20th 2013 - 05:42 UTC

  Operation clean up to reform scandal–plagued Vatican administration

  

  Pope Francis, moving to overcome major crises in the Holy See, set up a special commission to reform its economic and administrative departments, the Vatican said on Friday.

• Saturday, July 13th 2013 - 15:57 UTC

  Francis sweeping reforms to Vatican legal system include from child abuse to money laundering

  

  Pope Francis is introducing changes to the Vatican legal system and has announced reforms on laws governing child abuse to penalties for staff who leak confidential information. The latest overhaul of the Holy See comes after years of scandals which have damaged the image of the Catholic Church.

• Wednesday, June 26th 2013 - 16:02 UTC

  Francis names special commission to review activities of scandal-plagued Vatican bank

  

  Pope Francis has set up a special commission to review the activities of the scandal-plagued Vatican bank to ensure that it operated in “harmony” with the mission of the Catholic Church, the Vatican confirmed.

• Wednesday, May 15th 2013 - 22:09 UTC

  Vatican promises transparency and annual reports from the scandal-hit IOR

  

  As part of ongoing efforts to promote transparency and chip away at the myths surrounding what is commonly called the Vatican bank, its new president announced it will have a website by the end of the year and will publish its annual report, according to the Catholic Sentinel.

• Wednesday, April 3rd 2013 - 03:49 UTC

  Francis first real challenge: re-structuring the scandal ridden Vatican bank

  

  Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican's scandal-ridden bank as part of a broad review of its troubled bureaucracy, Vatican sources say.

• Monday, February 18th 2013 - 06:39 UTC

  Scandal-hit Vatican bank tries to make clean start but again stumbles

  

  The Vatican appointed a German lawyer to head its bank, but the bid to turn the fortunes of the scandal-hit institution was clouded by his business links to a military shipbuilder.

• Thursday, July 19th 2012 - 07:12 UTC

  Vatican bank fails test on preventing financial crime

  

  The Vatican bank or Institute for Works of Religion, IOR, needs more reform in order to show it is effective at preventing financial crime, a report by a European banking watchdog has said.

• Tuesday, July 3rd 2012 - 06:20 UTC

  The Vatican bank opens up to show it is not involved in ‘sinful’ activities

  

  Vatican bank, one of the more secretive institutions of the secrecy-obsessed Vatican, opened itself up to a little external scrutiny in a bid to show it is serious about fighting money-laundering and being more financially transparent.