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Pope Francis

These are the names of the 17 new cardinals the pope appointed at the consistory

November 19, 2016. 13 of them are under the age of 80, and thus able to vote in a hypothetical conclave, and four of them are non-electors.
Vatican

Vatican congratulates Trump and hopes his time in office "can truly be fruitful"

November 9, 2016. While speaking to Vatican Radio, Cardinal Pietro Parolin, the Vatican Secretary of State, congratulated the new president and hoped that his government "can truly be fruitful."
Vatican

Vatican strongly reacts to episcopal ordinations in China made without pope's permission

November 7, 2016. "In recent weeks, there has been a series of reports regarding some episcopal ordinations conferred without Papal Mandate of priests of the unofficial community of the Catholic Church in Continental China,” explains the Vatican in a letter signed by the Director of the Holy See Press Office, Greg Burke.

Vatican Bank overhaul to be completed in 2014

2014-01-22

The Institute for Religious Works, better known as the Vatican Bank, outlined its progress in reforming the institution. The reforms started in 2010, and some of the major components will be completed by the first half of 2014, according to the report.

 

 

 

In the first three months, the Vatican Bank will implement a "know your customer” application for individual and group accounts. It'll also introduce a "risk-based” client rating to help tackle money laundering.

 

 

 

By mid-year 2014, the IOR said they will have screened all of its accounts, in search of missing or incomplete information. The process started back in 2013. So far, they've looked through some 10,000 client records, or about 55 percent of their accounts.

 

 

 

In addition, the Bank will continue to close the accounts not associated with the Vatican, Catholic groups, or diplomats accredited to the Holy See.

 

 

 

The Vatican Bank made history last year when it published an annual report for the first time ever. The next report will come out in mid-2014.

 

 


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