Faith

Embezzlement trial of former Vatican bank official begins

cns@catholicnews.com (Cindy Wooden, Catholic News Service) — Thu, 10 May 2018 10:32:24 -0400

VATICAN – The Vatican has accused a former director of the Vatican bank and his lawyer of money laundering and embezzlement, saying the men skimmed an estimated 57 million euros (about $68 million) off profits from the sale of Vatican properties.

Two ex-managers of Vatican bank ordered to pay damages for mismanagement

cns@catholicregister.org (Catholic News Service) — Wed, 07 Feb 2018 16:10:50 -0500

VATICAN – A Vatican court found two former top managers of the Vatican bank liable for mismanagement and ordered an injunction for them to pay damages.

Vatican finance watchdog intensifies outreach to foreign authorities

Tue, 16 May 2017 11:40:00 -0400

VATICAN CITY – The Vatican's financial watchdog agency has beefed up its investigations with increased outreach to foreign authorities in a continued effort to prevent suspected money laundering and the financing of terrorism.

Vatican court continues investigating possible cases of money laundering

cns@catholicnews.com (Cindy Wooden, Catholic News Service) — Wed, 22 Feb 2017 08:20:00 -0500

VATICAN CITY – While the trial of five people accused of leaking confidential Vatican financial documents captured headlines in 2016, the Vatican City court also continued investigating possible financial crimes, freezing more than $2.1 million in assets deposited at the Vatican bank.

Vatican told to get tough on those caught laundering money

Tue, 15 Dec 2015 14:15:38 -0500

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.