Pope imposes deadline for Vatican to transfer assets to bank | Crux (cruxnow.com)Guys I thought I might have another look at issues with the Vatican and money.
It appears our religious orgs are involved in corruption/money laundering - tax haven/ etc and likely the Pope had had enough. Divvies have also been falling heavily.
The need for a new decree imposing a fixed deadline and stressing there were no exceptions to the regulation suggests some offices or institutions were hoping to keep external accounts or investments.The Vatican bank has long been mired in scandal but has spent the past decade cleaning up its books and ridding itself of its reputation as an offshore tax haven. Years of reform have slimmed down its client list to Vatican offices, employees, religious congregations and embassies.
It currently has some 5.1 billion euros in assets under management and reported 18 million euros in profits last year. The bank had previously donated 50 million euros a year of its profits to the pope to pay for the Vatican bureaucracy, but profits have fallen in recent years.
your view of Franz and da club is a lil to glorious !
