Vatican City, 30 September 2019 - The Institute for Works of Religion adheres to the Single Euro Payments Area. ...>more
Vatican City, May 22nd, 2018 – The Institute for Works of Religion (IOR) publishes its 2017 Financial Statements and its Annual Report. ...>more
Vatican City State, February 26th, 2018 - By decree filed with the clerk’s office Registry on February 24, 2018, and served upon the defendants on that date, the Tribunal of the Vatican City State – acting upon request of the Vatican Promotor of Justice – has summoned to trial a former President of IOR and his legal counsel, charging them with embezzlement and self-laundering.
Under such charges, the unlawful conduct was carried out between 2001 and 2008 by, among others, the former General Director, now deceased, and resulted in the disposal of a considerable part of the Institute’s real estate assets. Overall damages have been assessed in excess of Euro 50 million.
The decision of committal for trial was taken at the end of an investigation which has been carried out since 2014 by the Vatican Promotor of Justice, following IOR’s complaint.
This important step shows once again the significant commitment that IOR’s management has undertaken in the last four years in order to implement strong and transparent governance, which complies with the most rigorous international standards. IOR intends to pursue by civil and criminal judicial proceedings any illicit activity carried out to its detriment, no matter where it occurred and who performed it.
In light of the foregoing, the Institute has decided to join a civil action to the criminal proceedings, due to start on March 15, 2018.
Vatican City State, February 16th, 2018 - In taking note of her decision to step down from the Board of Superintendence, the IOR would like to thank Professor Mary Ann Glendon for her contribution to the Institute over the past several years, especially in the process of defining the legal framework of the IOR. Professor Glendon has expressed a desire to devote more time to other Catholic causes, and the IOR wishes her all of the best for the future, both personally and professionally.
Vatican City State, February 6th, 2018 - With a decision published today, the Civil Court of the Vatican City State found two former Senior managers of IOR liable for mismanagement.
The Court has ordered them to compensate IOR for the resulting damages...> more
Comunicato stampa dell'Istituto per le Opere di Religione
Vatican City, 01 December 2017 – Following various comments in the press relating to recent HR decisions made by the Institute for the Works of Religion , IOR wishes to stress the following:
In the meanwhile the transformation process of IOR continues successfully under the responsibility of the various governing bodies and the supervision of the relevant Authorities.
IOR releases Annual Report 2016
Vatican City, 12 June 2017 – For the fifth year, the Istituto per le Opere di Religione (IOR) has published its financial statements.
The financial statements have been audited by the independent audit ... > more
The Cardinals Commission of Vigilance of the Institute for Works of Religion has appointed Mr. Scott C. Malpass, Javier Marín Romano and Georg Freiherr von Boeselager as members of the IOR Board of Superintendence, bringing the total number of members to seven. > more
Comunicato della Sala Stampa, 25.05.2016
With the recent approval and publication of the Annual Report of the Istituto per le Opere di Religione (IOR) having been completed in a positive manner, two members of the Board of Superintendence. > more
IOR releases Annual Report 2015
1. Key changes to IOR operating framework : 2015 saw the adoption of the new Holy See regulatory framework pertaining to financial activities, the end of the KYC* and AML* remediation process, addressing past tax uncertainties and the strengthening of IOR's governance and control functions. > more
IOR rejects unfounded allegations raised in some media publications
Vatican City, 10 June 2015 – Some unfounded statements were made in recent media reports regarding IOR and its transformation. Therefore we re-iterate what has already been stated in the IOR’s press release on the Annual Report of 26 May 2015. > more
IOR publishes Annual Report 2014
Vatican City, 25 May 2015 – The Istituto per le Opere di Religione (IOR) today released its 2014 Annual Report. Building on the Holy Father’s reaffirmation of the importance of the IOR’s mission for the good of the Catholic Church, the Holy See and the Vatican City State in April 2014, the Institute has continued its transformation process. > more
IOR appoints new Vice Director
Vatican City State, 6 March 2015 – The Board of Superintendence of the Istituto per le Opere di Religione has appointed Gian Franco Mammì as Deputy-Director with immediate effect for an indefinite term. The appointment has been approved by the IOR Supervisory Commission of Cardinals and the regulator AIF. > more
Rescriptum ex audientia Ss.mi on the modification to the IOR Statute
Vatican City, 22 January 2015 – The Holy Father declared on 10 January 2015 by way of a Rescriptum ex audientia Ss.mi presented to the President of the IOR Supervisory Commission of Cardinals that the Statute of the Istituto per le Opere di Religione (IOR) has been changed to elevate the number of members in the IOR Supervisory Commission of Cardinals and the IOR Board of Superintendence from five to six respectively. > more
IOR presses charges against two former managers
Vatican City, 06.12.2014 - The Istituto per le Opere di Religione (IOR) confirms it pressed charges against two former managers and a lawyer some months ago, underlining its commitment to transparency and zero tolerance, including with regard to matters that relate to a more distant past > more
The IOR confirms the receipt of a transfer of assets back from an Italian Bank to the IOR.
Vatican City State, 18 November 2014 - The assets were blocked since Sept 2010 subject to preventive measures introduced by Italian authorities. The assets were unblocked in June 2011 however, issues regarding customer due diligence remained unsolved. > more
IOR Board of Superintendence appointed Mario M. Busso as President of the Board of Auditors ad interim
Vatican City, 17 October 2014 – The Board of Superintendence of the Istituto per le Opere di Religione (IOR) has accepted the resignation of Massimo Spina from the position as President of the IOR Board of Auditors and has appointed Mario M. Busso as his successor. > more
IOR Board of Superintendence completed with nominations of Mauricio Larraín and Carlo Salvatori
Vatican City, 16 September 2014 – The Cardinals’ Commission of the Istituto per le Opere di Religione (IOR) has appointed Mr. Mauricio Larraín (Chile) and Mr. Carlo Salvatori (Italy) as members to the IOR Board of Superintendence.> more
IOR publishes Italian version of its Annual Report 2013
Vatican City, 30 July 2014 – The Istituto per le Opere di Religione (IOR) has published its Annual Report for 2013 in the Italian version on its website www.ior.va today. > more
IOR publishes Annual Report 2013
Vatican City, 15 July 2014 – The Istituto per le Opere di Religione (IOR) has published its Annual Report 2013 (English version) on its website www.ior.va today. > more
Council of Europe issues report assessing progress by the Holy See on measures to combat money laundering
The Council of Europe’s Committee of experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism ( MONEYVAL) published a report presented by the Holy See (including the Vatican City State) concerning the progress it has made to remedy the deficiencies identified by MONEYVAL in its first mutual evaluation report in 2012. > more
Communiqué of the Holy See Press Office: Adoption by Moneyval of the Progress Report of the Holy See and the Vatican State
The Plenary Meeting of MONEYVAL (the “Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism”) has approved the Progress Report of the Holy See/ Vatican City State. The Progress Report follows the adoption of the Mutual Evaluation Report on 4 July 2012 and is part of the ordinary process according to the Rules of Procedure of MONEYVAL. > more
Rolando Marranci appointed General Director of IOR
The Board of Superintendence of the Istituto per le Opere di Religione (IOR) has appointed Rolando Marranci General Director as of 30 November 2013. > more
Appointment of delegate for the “Pontifical Referring Commission to the Institute for the Works of Religion” and for the “Pontifical Commission for Reference on the Organisation of the economic-administrative structure of the Holy See”
Il Santo Padre Francesco ha nominato il Rev.do Monsignor Alfred Xuereb Delegato per la «Pontificia Commissione referente sull'Istituto per le Opere di Religione» e per la «Pontificia Commissione referente di studio e di indirizzo sull'organizzazione della struttura economico-amministrativa della Santa Sede» > more
New Law XVIII of Vatican City State on transparency, supervision and financial information
Ieri, 8 ottobre 2013, la Pontificia Commissione per lo Stato della Città del Vaticano ha adottato la Legge N. XVIII, recante norme in materia di trasparenza, vigilanza ed informazione finanziaria, con la quale sono confermate in legge le disposizioni del Decreto N. XI del Presidente del Governatorato, dell’8 agosto 2013. > more
IOR publishes Annual Report 2012
Vatican City, 1 October 2013 – Today, the Istituto per le Opere di Religione (IOR) has published its Annual Report for 2012 on its website www.ior.va. This is the first ever Annual Report of the IOR being made available to the public > more