Vatican Investments Linked to Global Money Laundering Investigations

A fund in which the Vatican’s Secretariat of State has invested tens of millions of euros has links to two Swiss banks investigated or implicated in bribery and money laundering scandals involving more than one billion dollars. The fund is under investigation by Vatican authorities. The fund, Centurion Global Fund, made headlines this week that … Read more

Vatican’s London Luxury Developer, With Ties to Alleged Financial Crime, Offered to Raze Catholic Property

Developers acting for the Vatican Secretariat of State offered to raze a London parish hall and rectory and replace it with low-cost housing, in order to try to push through a luxury apartment development. The luxury development project involves two recently suspended Vatican employees, and a nest of Vatican-controlled holding companies led by an architect … Read more

Hospital Loan and Papal Foundation Controversy Land Vatican Bank in Regulatory Spotlight

The head of the Vatican’s central bank appeared to admit this week to a transaction that could be a violation of European regulatory commitments, namely a loan of 50 million euros to finance the purchase of a struggling Italian hospital. Sources say a controversial grant from the U.S.-based Papal Foundation was requested in order to … Read more

Brooklyn’s Bishop to Lead Vatican Investigation of Buffalo Diocese

The Vatican has announced that Bishop Nicholas DiMarzio of Brooklyn, New York, will lead an apostolic visitation of the Diocese of Buffalo. The visitation, a canonical inspection and fact-finding mission, was ordered by Cardinal Marc Ouellet, the prefect of the Congregation for Bishops, the Vatican department responsible for overseeing the personal conduct of bishops. A … Read more

Diocese of Scranton Launches Investigation Into National Shrine Rector Rossi

The Diocese of Scranton has begun an investigation into allegations of misconduct on the part of the rector of the Basilica of the National Shrine of the Immaculate Conception in Washington, D.C. “Bishop Joseph Bambera, Bishop of the Diocese of Scranton, has commenced the process of launching a full forensic investigation into the concerns that have … Read more

Archbishop Wilton Gregory Promised Truth and Transparency, But Provides No Answers About McCarrick’s Money

More than one year after the announcement of allegations of sexual abuse against former cardinal Theodore McCarrick, the Archdiocese of Washington has continued to refuse questions about McCarrick’s use of a personal charitable fund. McCarrick funnelled hundreds of thousands of dollars through what was known as the Archbishop’s Fund, and reportedly made gifts to senior Vatican officials, even … Read more

Despite Serious Allegations, Archbishop Francis Chullikatt Remains an Apostolic Nuncio

An archbishop who served as the Holy See’s permanent observer to the United Nations is accused of financial and professional misconduct, including the use of Vatican staff and influence to assist and support financially a woman with whom he is alledged to have had a romantic relationship. Sources say that although Vatican officials were informed … Read more

Saving Andrew Cuomo’s Soul

Bishops may not wish to be ‘politicians or culture warriors,’ but they are required to speak with clarity on what is and is not acceptable for a Catholic to do, say and believe. Sixty years ago, John F. Kennedy insisted that his Catholicism was a private matter, and a generation of politicians followed suit. New York … Read more