Then again, there’s the timing of the raid — ahead of the publication this week of an Italian journalist’s book detailing a much larger web of financial scandals at the Vatican. According to the wiretaps, in 2014 Versaldi arranged for 30 million euros to be diverted from the Bambino Gesu Hospital toward the non-profit he oversaw.

The additional 80 million was provided in cash by the Vatican. If you value the news and views Catholic World Report provides, please consider donating to support our efforts. Per the Italian reports, prosecutors have also found evidence of embezzlement, fraud, abuse of office and money-laundering among the Vatican’s upper echelon of managers. Moneyval’s inspectors will need to work out how much, if at all, the situation has changed since then—an almighty task.

", It concluded noting that "the authorities of the Holy See extend their heartfelt and profound gratitude to the team of evaluators and to the members of the Secretariat of the Moneyval Committee.". Vatican City, Jul 11, 2018 / 01:15 pm (CNA).- A long-time priority of Pope Francis, curial reform – specifically the overhaul of Vatican finances and communications – has been hanging by a thread for the past few years, and some wonder about the pope’s ability to make any meaningful or lasting changes in the Vatican’s way of doing business. Whether laws were broken in the complex transactions surrounding the London property deal is yet to be proven. “Total salvation of the body and of the soul is the final destiny to which God calls all of humanity,” it said, and urged believers to look forward to the coming of Christ, who will “change our lowly body to conform with his glorified body by the power that enables him also to bring all things into subjection to himself.”. The Vatican Bank is under new scrutiny in a case involving money-laundering allegations that led police to seize €23m (£19.25m) in September.

In 2017, Italy put the Vatican on its “white list” of states with cooperative financial institutions, ending years of mistrust. Can anyone believe that he off his own bat had ordered the suspension of the audit? “We have to move ahead on transparency, and that depends on APSA,” he said in the interview. In May, the AIF said reports of suspicious financial activity in the Vatican reached a six-year low in 2018, continuing a trend officials said showed reforms were in place.

But when Pope Francis was elected in 2013, it was with a mandate to clean up finances. But the Holy See looks more problematic, despite Pope Francis’s avowed intention of overhauling its tangled finances. 252,518, This story has been shared 113,443 times. All of this, of course, sounds like a plot recycled from “The Godfather Part III.” Financial scandal at the Vatican is nothing new. The hospital had been owned by a province of the Congregation of the Sons of the Immaculate Conception, which was declared insolvent by an Italian court in 2013. Much of the EU cash will be directed towards the poorer south of Italy. That money came from a grant of 80 million euros the hospital received from the Italian government. “In the fight against money laundering and the financing of terrorism,” Cardinal Parolin explained, the Vatican’s own Financial Information Authority (FIA) is responsible for oversight and regulation of its financial sector.

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But it has become necessary for the Catholic Church. The company was set up to attract investments for oil and mineral prospecting along the border region of the Democratic Republic of Congo and Angola. Signed by Archbishop Luis Ladaria SJ, prefect of the Congregation for the Doctrine of the Faith, on the Feb. 22 feast of the Chair of St. Peter, the letter is addressed to the world’s bishops.

October 29, 2019 Until Galantino’s June 26 appointment, APSA was led by Cardinal Domenico Calcagno, who has been accused of corruption and was, at one point, under investigation for charges of embezzlement in a previous diocese. VATICAN CITY (CNS) -- Continuing its efforts to combat money laundering and financial mismanagement, the Vatican amended its transparency laws and expanded the role of its financial watchdog agency in monitoring financial transactions.

It was believed to be the first time the two departments were searched for evidence involving alleged financial crimes. Thank you for your generosity!

The four-and-a-half page letter consists of six points, including an introduction and conclusion, outlining the errors of Pelagianism and Gnosticism in light of Christian doctrine, and reaffirming Christ as the only means of salvation, which is offered through the sacraments. Salvation cannot be achieved by one’s own individual efforts alone, as neo-Pelagian thought would argue, but is instead found “in the relationships that are born from the incarnate Son of God and that form the communion of the Church,” the letter said.

He was sent to prison for his part in the massive fraud and corruption around IDI’s collapse, and eventually laicized. Sunlight, as the saying goes, is the best disinfectant. Inspectors had hoped that the Vatican Bank was no longer a problem. “Of course it was [Cardinal Becciu] who was behind the grant request,” one senior figure at APSA told CNA. Becciu disputed that account, telling CNA Oct. 28 that he was not involved in securing the Papal Foundation grant. Terms of Use

Loving God first and completely – On God's Payroll: […] October 21, 2020 Fr. According to this thought, salvation “depends on the strength of the individual or on purely human structures, which are incapable of welcoming the newness of the Spirit of God,” the letter said.

The priest served as the IDI’s president until its collapse.

The front-runner for Joe Biden’s Treasury boss has a mighty CV. Although Becciu told CNA he had lost interest in the project by the time of the Papal Foundation grant, the cardinal’s connection to the IDI deal dates back at least to his 2011 appointment as the sostituto, the second ranking official, at the Secretariat of State. On a recent visit to Rome Catherine De Bolle, the executive director of Europol, warned that her organisation had detected a rise in organised crime’s penetration of the European economy and asked EU states to be particularly vigilant with regard to the recovery funds. The letter closed urging Christians to advance in announcing the “joy and light of the Gospel,” while also establishing a “sincere and constructive dialogue” with those from other religions, believing that God can lead all men of goodwill toward salvation in Christ. But that is where Italy’s mafias can most easily steer funds and contracts their way. Charles Fox The Dispatch 0Print […]. In 2016, shortly after the IDI was bought out of administration, Archbishop Becciu was responsible for the cancellation of a planned external audit of all Vatican finances by the firm PriceWaterhouseCoopers. Please support our journalism by donating today.

Another controversy relates to the Curia. While Gnosticism has a negative view of creation, seeing it as a limitation of man’s freedom and therefore implying that salvation means freeing oneself from the body and concrete human relationships, true salvation offered by Christ includes the sanctification of the body, the letter said.