Vatican names new bank president, restructures financial offices

July 9, 2014 VATICAN CITY (CNS) — As the restructuring of Vatican financial institutions moves into high gear, “our ambition is to become something of a model of financial management rather than a cause for occasional scandal,” said Cardinal George Pell, prefect of the Vatican Secretariat for the Economy. Introducing the new president of the…

Pope Francis meets sex abuse victims

VATICAN CITY (CNS) — Asking for forgiveness, Pope Francis told abuse survivors that “despicable actions” caused by clergy have been hidden for too long and had been “camouflaged with a complicity that cannot be explained.” “There is no place in the church’s ministry for those who commit these abuses, and I commit myself not to…

Here are a few stories already on the horizon for the new year

Jan. 3, 2014, edition By Francis X. Rocca Catholic News Service After a year that included the historic resignation of Pope Benedict XVI and a series of celebrated innovations by Pope Francis, it is hard to imagine 2014 at the Vatican could be nearly as eventful. Of course, the biggest stories are likely to be…

Pope expands role, reach of Vatican

Financial Intelligence Authority August 16, 2013, edition By Cindy Wooden Catholic News Service As part of the Vatican’s ongoing efforts to ensure that all its financial activity complies with international standards, particularly those aimed at preventing money laundering and the financing of terrorism, Pope Francis has expanded the role and the reach of the Vatican’s…