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Progress in the Vatican’s financial transparency comes from a revolution started long time ago

By Andrea Gagliarducci On 16 dicembre 2013 · Leave a Comment · In Vatican

The Holy See path to adapt its legal system to international anti-money laundering standards has been quick, coherent and convincing, according to the «progress report» issued by the Council of Europe’s committee MONEYVAL on December 12.

«It is clear from this review – the report states in par. 128 – that much work [...]

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A Vatican model of financial transparency

By Andrea Gagliarducci On 12 agosto 2013 · 1 Comment · In Vatican

The media called it «operation financial transparency». And it is. The work done within the Vatican Walls during the past few years was all intended to create a Vatican financial system to overcome the image of opacity and dubious dealings that – rightly or wrongly – was associated with Vatican financial matters.

In fact, [...]

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Vatican finances under the microscope

By Andrea Gagliarducci On 27 maggio 2013 · 1 Comment · In Vatican

A screening of the IOR accounts is “ongoing”, according to René Bruelhart, director of the Vatican Authority for Financial Information (AIF). Bruelhart also underlines that a reform of the oversight on Vatican finances is in process as well. One of the pillars of this reform will be preventive supervision – as requested by the [...]

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Vatican finances, the IOR will publish its balance sheet

By Andrea Gagliarducci On 19 maggio 2013 · 1 Comment · In Vatican finances

How much money is there in the so-called «Vatican bank», the Institute for Religious Works (IOR) and how is it invested and used? Soon, this information will be in the public domain. The IOR will have an internet website, where its annual balance sheet will be posted. Although the IOR is a [...]

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The Vatican is steadily becoming more and more transparent. Proof of it is the appointment of an international expert to head its Authority for Financial Information.

By Andrea Gagliarducci On 12 novembre 2012 · Leave a Comment · In Holy See

René Bruelhart is the new director of the Authority for Financial Information (AIF).  It is a significant appointment –it shows that the Holy See is moving towards full adherence to international transparency standards.  MONEYVAL’s Plenary Assembly – the body of the Council of Europe that evaluates if its member states are meeting [...]

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True, the Church is 200 years out of date. But not the way you may think.

By Andrea Gagliarducci On 22 ottobre 2012 · 1 Comment · In Vatican

The Church is 200 hundred years out of date. Cardinal Carlo Maria Martini’s words in his last interview have travelled the world.  Interpretations multiplied.  In what, exactly, is the Church out of date? Is it because of the issue of communion and divorcees – even when the Pope wrote comprehensively about it [...]

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