MondayVatican
The report of the inspection to the Institute for Religious Works (IOR) commissioned by the Vatican Financial Information Authority should be hopefully ready by the end of April. In the meantime, it is already known that the Institute – misleadingly called the “Vatican bank” – will carry forward its mission, continuing to [...]
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 [...]
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 [...]
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 [...]
In 2008, Benedict XVI spoke to participants in the Study Congress organized by the Pontifical Council for Legislative Texts, on the occasion of the 25th anniversary of the promulgation of the Code of Canon Law. In that occasion, he quoted Antonio Rosmini: «The human person is the essence of law». And he said: «The ius ecclesiae is [...]
January, the 25th, a new law n. 127 had been posted to a wall of a Vatican lodge. The new law immediately came into effect, since the posting is the form of the urgent decree. So, the Vatican has a new anti money-laundering law. Just a few are really aware of this, since Holy [...]
Sheriff defends law. He brings everybody into line. And honest people is happy. This is what could happen in an ideal world. But many discontent the arrival of a sheriff. Honest people feel in peril: they work behind the curtain, they know that the only way to change the balances of a «corrupted» place [...]
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