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Pope Francis

Pope Francis: No people is criminal and no religion is terrorist

February 17, 2017. Pope Francis has sent an important message to the Meetings of Popular Movements that is taking place in Modesto (California). The pope denounces the "moral blindness of this indifference”: "under the guise of what is politically correct or ideologically fashionable, one looks at those who suffer without touching them. But they are televised live; they are talked about in euphemisms and with apparent tolerance, but nothing is done systematically to heal the social wounds or to confront the structures that leave so many brothers and sisters by the wayside”.
World

The government of the Order of Malta will elect the successor of the Grand Master in April

February 15, 2017. On April 29, the Council Complete of State, the Order’s constitutional body, will elect the next Grand Master of the Sovereign Order of Malta (or, as provided for in the Constitution, a Lieutenant of the Grand Master, to hold office for a year).
Pope Francis

Pope names a Special Envoy for Medjugorje

< style> February 11, 2017. Pope Francis has asked Henryk Hoser, S.A.C., bishop of Warsaw-Prague (Poland), to go to Medjugorje as Special Envoy of the Holy See. According< g> the Vatican, "the mission has the aim of acquiring a deeper knowledge of the pastoral situation there and above all, of the needs of the faithful who go there in pilgrimage, and on the basis of this, to suggest possible pastoral initiatives for the future”.
Vatican

Pope Francis advances eight new causes of sainthood

January 23, 2017. On January 20, Pope Francis met with Cardinal Angelo Amato, the prefect for the Congregation for the Causes of Saints to announce the publication of decrees for the advancement of eight causes of sainthood.

Vatican Bank Focuses on Transparency

2010-10-05

Its official name is IOR, the Institute for Works of Religion. This is a unique bank: it only makes ethical investments, their profits go to charity and their customers are dioceses, religious orders and Vatican departments and employees. 

Marco Tosatti 
Vatican expert
"The IOR is a very sui generis bank, that was created in 1942 by Pope Pius XII. According to its statutes it only can receive deposits from Vatican officials, religious congregations, local clergy and other people like that."

A year ago, Benedict XVI appointed Italian Ettore Gotti Tedeschi as new president of the bank of the Vatican. He asked him to make the bank completely transparent - that is, adapt it to European laws that require customers to identify all operations. 

According to the Vatican, since January it’s been working with the Bank of Italy and European organizations to fully regularize its processes before December 31.

But bureaucratic mistakes can still be made. Last September, the IOR made two transfers without revealing the names of clients. These were then blocked by the Italian authorities. 

The Vatican bank chief said it was an internal treasury operation, not an order for its customers. He called it a misunderstanding. 

Marco Tosatti 
Vatican 
"There are a number of accounts whose owners are known only to the bank. And I think this is the current problem in the sense that to adapt to European anti-money laundering rules – a work that the bank is doing now by its President Gotti Tedeschi, after a mandate of the Pope and Bertone – it is necessary that these accounts are removed or become totally transparent."

Since the incident, the Pope has publicly supported the Bank’s current president. 

Marco Tosatti 
Vatican 
"If there is a management team that’s capable of making the IOR transparent, this is it. Unfortunately, as often happens with the paradoxes, the injustices of history, a more transparent management is the one who has problems."

The only Vatican bank office is located here in the tower of Niccolò V. It has 130 employees and 44 000 current accounts. Its interest rates range from 4 and 12%, and there’s no tax. It’s financial assets are thought to amount to 5 billion euros. 

It’s a place surrounded by discretion. The most visible part of the IOR are its ATM machines whose on-screen instructions are – naturally – in Latin. 


JMB 
AM