The Secretariat of State used its funds to buy the London building, which would not be possible after centralisation. Pell was cleared of sexual abuse charges in Australia after spending 13 months in prison. It was not clear if he will resume any Vatican role.
World News Updated. By Philip Pullella 4 Min Read. It's been controversial for decades, accused of money-laundering and collaborating with the mafia, and before that with the Nazis. In , the Vatican Bank dealt with its most serious crisis.
At first his death appeared to be a suicide, but eventually five people -- including a mafia member -- were charged with his murder.
The Vatican Bank apparently didn't disclose the origin of the money, which is a violation of Italian law. Ultimately, the bank denied wrongdoing and the funds were eventually released. Benedict also worked to get the Vatican on to the Organization of Economic Co-operation and Development's "white list" of countries that follow international banking standards.
But the release of leaked documents — the Vatileaks affair — showed the bank was still struggling with corruption, apparently transferring tens of millions of dollars to American dioceses to help them pay child sex abuse legal bills. There was also a letter from a senior Vatican official, Archbishop Carlo Maria Vigano, in which he apparently complained of money-laundering and corruption in the Vatican. Last May, the bank's president, Ettore Gotti Tedeschi, was ousted by the board of directors, accused of money-laundering and not following laws that block financing terrorists and criminal gangs.
And those figures don't even include the attendance for Pope Francis events that were held outside of the Vatican -- that tacks on another nearly 13 million visitors. Pope Benedict received some We're no longer maintaining this page. The role of Pope Francis in politics. Personal Finance. CNNMoney Sponsors. The dome of St. Peter's Basilica is pictured at the Vatican. Church officials released the budget report Oct.
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