Australia's financial crime watchdog agency said it over-estimated by the equivalent of more than U.S. $1.5 billion the amount of money transferred from the Vatican to Australia between 2014 and 2020.
The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 38 million euros (about $42.9 million) in 2019, more than twice the profit reported in the previous year, according to its annual report.
In a May 21 statement to NCR, Gian Franco Mammì emphasized the Vatican bank's "maximum attention" to Pope Francis' environmental encyclical, Laudato Si', and "respect for the principles set forth" in it.
Max Hohenberg, former communications official, told NCR that while he doesn't know of a specify policy against fossil fuels, the bank's traditional investment practices mean that it is unlikely to have money in that industry.
Vatican police seized documents and computers at the home and office of a former official at the Vatican Secretariat of State in their continuing investigation into financial mismanagement.
A global network of financial intelligence units has readmitted the Holy See after a two-month suspension sparked by a Vatican police raid on the Vatican's financial watchdog agency.
Pope Francis has tapped a Bank of Italy executive to take over the Vatican's financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network.
A board member of the Vatican's financial watchdog has resigned in the wake of a Vatican police raid that resulted in the agency's suspension from the global communications network of financial intelligence units.