Financial corruption exists in the Vatican, admitted Pope Francis who described it as a “scandal,” but he also pointed out that the Vatican has taken necessary steps to deal with it, theVatican News reported Tuesday.
The pope’s chief bodyguard has resigned after an internal memo was leaked to the media, which identified five employees of the city-state who are facing investigation in the latest financial scandal gripping the Catholic Church.
The Vatican has appointed one of Italy’s top anti-mafia prosecutors to head its criminal tribunal, just days after raids were carried out in the Holy See over alleged financial wrongdoing.
The Vatican released Pope Francis’s renewed statutes for the governance of the Vatican Bank on Saturday, which will bring in an external auditor for the first time and introduce new ethical guidelines for members of the bank's staff.
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