VATICAN CITY (RNS) In a bid to improve its checkered record on financial transparency, the Vatican on Tuesday (May 7) signed a cooperation agreement with the U.S. agency that fights against financial crimes. The Vatican Bank has a long history of secrecy and scandals, and it has reportedly been involved in several shady operations during the course of its history.
Articles tagged “Vatican City State”
(RNS) The scandal-plagued Vatican Bank still has a long way to go in order to comply with international standards for independent oversight and financial transparency, according to a status report from European officials released Wednesday (July 18). By David Gibson.
VATICAN CITY (RNS) The Vatican posted its highest loss in more than a decade last year, blaming mostly the “negative trend of global financial markets.” But the Vatican City State, which is run by a different administration, reported a sizable profit, thanks to the record numbers of the Vatican Museums. By Alessandro Speciale.