The $ 6 billion volan bank was looking at the hook, catastrophic investments and gardens to the mafia. How Pope Francis tried to make

• Pope Francis died on MondayTo back the Reformation of the Reform in the Vatican Bank of $ 6 billion. Although the clergy and church finances were established in 1942 to manage their finances, the organization’s scandals were closed with mystery and catastrophic financial transactions. During Francis, the bank has improved the transparency and centralized control of the financing for the increase in regulatory control.

Although it was calculated anti-capitalist One of the main success of Pope Francis was the financial efforts: the 6-billion Vatican bank of the scandal reform.

Francis, who died at the age of 88, wanted to reform bank In 2013, it was the Pope and allegedly welcomed the institute of funds for the clergy and church staff (IOR), corruption, corruption, and even a mafia connection. The Vatican Bank had 5.4 billion euros or $ 6.1 billion in holdings Since 2023.

Again, Pontifikat, Francis, Argentina, Jorge Mario Bergoglio, which helps the corruption and more transparency in the organization’s internal affairs. Thanks to the work beginning under Francis, ‘Salafi Pope Benedict XVI began to release the Vatican Bank in 2013 Annual Reports For the first time, charity between its interests, operating costs and charitable and other details.

The bank’s management also has an update with Francis, which reduces the power of clergy in economic affairs in 2014 and destination The head of the Vatican Bank Jean-Baptiste de Franssu, previously invited as a French financer, the CEO of Europe. Served as a 61-year-old de Franssu President of the Vatican Bank Since 2014.

Pope Francis also increased the transparency in the bank and allowed him to seriously implement the control over the control of the financial rules. Bank Account of thousands of closed In 2014 to adapt the organization to international financial standards.

Francis, who performed the sacred appearance, also ordered all the Vatican departments to close all the Vatican departments and send money to the Vatican Bank. By centralizing the Vatican’s funds, Francis took the financial power away from non-specialist clergymen, and the owners had stronger control by financial regulators.

Pope Francis’s changes in the Vatican reacted from several scandals, including the collapse of Italy’s financial share of the Vatican Bank, Banco Ambrosiano. Bank President Roberto Calvi, then found hung London’s Garafriars bridge of London’s Garafiars, as well as thousands of cash pockets. Calvi was accused of stealing millions of mafia. He was named Like the Vatican links as “banker of God.”

In addition, Pope Pope Pope Pope Paul Vi, Michele Sindona, Michele Sindona, also Michele Sindona, the Vatican was dragged to the Vatican in 1974, including the collapse of the US National Bank of Franklin. Death timeHe was sentenced to 25 years from cyanide poisoning at the age of 65 to Sindona forgery.

Despite the efforts of Francis, the Catholic Church was still shaken by some scandals.

Batican Confirmed in 2022 These two former Vatican Bank director was convicted of mercy in the organization. Was a cardinal in 2023 convicted Penalty in prison in five and a half years in prison for mastering.

This story was first displayed Fortune.com

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