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 [...]
The Church according to Pope Francis is outlined in the nearly 260 page-long Apostolic Exhortation «Evangelii Gaudium» (The Joy of the Gospel), that he wrote in two weeks in Spanish (with some neologisms and slogans) with a clear core message: the Church must come out, to the streets, and announce the Gospel [...]
The new statute of the Vatican Financial Information Authority (AIF) better aligns the Authority with new Vatican legislation, and with international standards. It also develops a new kind of Authority. Conceived by the drafter of the first Vatican money laundering law as a sort of «monocratic» authority (a Vatican dicastery presided by a [...]
The most recent proposal floating is that of creating a Congregation for the Laity. After all – Cardinal Oscar Andrés Maradiaga has maintained – there is a Congregation for the Clergy and one for Bishops, but there is not one for the lay people, who are the biggest part of the Church. [...]
The absence of Msgr. Pietro Parolin at the ceremony of his taking possession as Secretary of State was certainly not a good thing. Struck by gallstone (or appendicitis according to other sources), Msgr. Parolin had to undergo an urgent, albeit not grave, surgery operation. During the ceremony, Pope Francis, after thanking the outgoing Secretary [...]
Pope Francis has underscored in Assisi his idea of «a poor Church for poor.» It is part of the «reform of attitudes» that Pope Francis considers more important than the Curia reform, i.e. a reform of the organizational structure. During this week, a certain lack of institutionality has been felt. At first [...]
Pope Francis closed his trip to Brazil for World Youth Day with an hour and 20 minutes of press conference of open question and answers. Pope Francis spoke about several topics, from the possible presence of a gay lobby within the Vatican ranks to the communion for divorced and remarried people. Among all [...]
Pope Francis’ last move is the appointment of a pontifical commission to look at the organization of the economic-administrative structure of the Holy See. In essence, it is an external team of auditors who will advise how to streamline the expenses and activities of the 37 semi-autonomous offices which make up Vatican City [...]
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 [...]