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Vatican

Holy See confirms investigation of Order of Malta

January 17, 2017. The Holy See has issued a statement Tuesday in response to "attempts by the Order of Malta to discredit” the new group established by the Vatican to conduct the investigation of why the Chancellor of the Order of Malta was asked to step down.
World

Pope sends condolences for victims of Turkish cargo jet crash

January 16, 2017. On Monday morning, a Turkish cargo plane has tragically crashed in Kyrgyzstan, killing dozens and hospitalizing many others. Many homes and vehicles in the small village are also destroyed. As a result, Vatican Secretary of State, Pietro Parolin has sent a message of condolences to the victims of the disaster on behalf of Pope Francis.
Vatican

Pope Francis to meet with Palestinian president on Saturday

January 11, 2017. Pope Francis will meet with Palestinian president, Mahmud Abbas on Saturday, January 14, at the Vatican to inaugurate the new Palestinian embassy to the Holy See.
Vatican

Former Director of the Vatican's school for diplomats, Justo Mullor dies

December 30, 2016. The smiling archbishop Justo Mullor died this morning in Rome, at the Pío XI Clinic. He was 84 years old.

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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