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A Simple Way to Understand Vatican Financial Scandals, by Phil Lawler – Brown Pelican Society of Lousiana

A Simple Way to Understand Vatican Financial Scandals, by Phil Lawler

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Facing Saint Peter's basilica, Rome, Italy, Vatican City. Date 25 August 2013. Author: Jebulon. ... I, the copyright holder of this work, hereby publish it under the following license: Creative Commons CC-Zero This file is made available under the Creative Commons CC0 1.0 Universal Public Domain Dedication.

By Phil Lawler, Catholic Culture, Oct 17, 2025

Phil Lawler has been a Catholic journalist for more than 30 years. He has edited several Catholic magazines and written eight books. Founder of Catholic World News, he is the news director and lead analyst at CatholicCulture.org. See full bio.

If you’re not a financial whiz, it can be difficult to follow the details of the Vatican financial scandals. Let me try to make it simple (since I’m not a financial whiz either), and see if you notice the single thread that runs all through the complex history.

  • First the Vatican bank, the IOR, came under fire, with European banking regulators charging that it was open to money-laundering. Vatican officials resisted, but when European banks began cutting off banking privileges, the IOR had no choice, and began a painful process of internal reforms. The IOR has now won a clean bill of health from the regulators. …

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