- Jun 15, 2021
In tandem with other milestones in recent years, President Jean-Baptiste de Franssu, the French economist and banker who’s led the IOR since 2014, believes June 2021 marks an historic turning point.
European evaluators warned Wednesday that the Vatican’s efforts to investigate and prosecute financial crimes were suffering from understaffing and inexperience.
With no international trips this year due to the coronavirus pandemic, the prolonged immobility provided Pope Francis some much-needed time to focus on cleaning out his own backyard, perhaps most notably when it comes to money.
As the Vatican is undergoing its annual review from the Council of Europe’s financial watchdog following a year of money-related scandals, Pope Francis Thursday condemned the prioritizing of money over people, and touted several steps the Holy See has taken to ensure financial transparency.
European anti-money laundering evaluators began a periodic visit to the Vatican on Wednesday amid a mounting financial scandal in the tiny city state.
Facing a ticking clock on several fronts, the coronavirus has bought Pope Francis and his Vatican team some time.