Pope Francis tightens control and oversight over Vatican-based foundations and associations in his latest effort to impose international standards of accounting and governance on Vatican offices and affiliated entities.
Pope Francis greets faithful upon his arrival in San Carlo, near Asti, Italy, Saturday, Nov. 19, 2022. The Pontiff returned to his father's birthplace in northern Italy on Saturday for the first time since ascending the papacy to celebrate the 90th birthday of a second cousin who long knew him as simply"Giorgio.
Such foundations draw donations from the faithful, but until recently they had little oversight or accountability. The same Moneyval report that flagged the foundation loophole highlighted as a case study the well-known scandal of the charitable foundation of the Vatican’s Bambino Gesu pediatric hospital, which draws donations from around the world.
Bertone was never charged, and the original charge of embezzlement was reduced to abuse of office after the president’s lawyers argued that the money was intended as an investment to benefit the hospital because the apartment was going to be used for fundraising events.
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