MondayVatican
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, [...]
Those who expected Pope Francis to devolve the structure of both Vatican City State and the Holy See were probably disappointed. Yes, Pope Francis underlined repeatedly that «structures are important, but up to a certain point. » On the other hand, Pope Francis is also keenly aware that Vatican City State is «that [...]
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 [...]
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 [...]
It seems certain that Cardinal Tarcisio Bertone will remain Secretary of State until April 27. That is the day when new papal nuncio Ettore Balestrero – previously Undersecretary for Relations with States, heading to the important nunciature of Colombia– will be ordained bishops. In the past, the Pope himself would conduct these ordinations [...]
With two changes to the anti-money laundering law, the Holy See has made its financial system even more open and transparent. The changes – approved by the Pontifical Commission of Vatican City State on December 14 and in effect since December 17 – allow the Vatican Authority for Financial Information to reach Memorandums [...]
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 [...]
The Holy See’s International agenda? The common good. Dominique Mamberti, Secretary for Relations with States of the Vatican Secretariat of State, explained it in an insightful lecture on «The Social Doctrine of the Church in International Relations» to the young students of the Studium Aquinatis-Workshop on the Social Doctrine of the Church [...]
In order to understand the path the Holy See began and is staying on to achieve full -international financial transparency, one should look beyond the seven negative ratings (out of 16 core and key recommendations to combat money laundering) and beyond the 23 negative ratings on the general recommendations (out of 45, [...]
Strasbourg locuta, causa finita? (Strasbourg has spoken, the case is closed?). This expression is taken from Saint Augustine’s «Roma locuta, causa finita». In Saint Augustine’s times, two councils of African bishops had requested Rome (the Apostolic See) to concur with their conclusion on a particular matter, and Rome had replied in two reports (rescripts [...]
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