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Friday 24 September |
The Blessed Virgin Mary—Our Lady of Walsingham

Pope Imposes Financial Oversight for Naming of Saints

Nick Thompson CC

Deacon Greg Kandra - published on 03/10/16

From AP

Pope Francis imposed new financial accountability regulations on the Vatican’s multimillion-dollar saint-making machine Thursday after uncovering gross abuses that were subsequently revealed in two books. The rules require external vigilance over individual Vatican bank accounts created for beatification and canonization causes, as well as regular budgeting and accounting to make sure the donations from the faithful are being used as intended. The reforms were imposed after Francis tasked a fact-finding commission to investigate Vatican finances, including at the Vatican’s saints office. Two books by Italian journalists, based on the commission’s confidential findings, revealed that the Vatican’s secretive saint-making process brought in hundreds of thousands of euros in donations for each saintly candidate but had virtually no financial oversight as to how the money was spent.
The books estimated the average cost for each beatification at around 500,000 euros ($550,000), with much of the proceeds going to a few lucky people with contracts to do the often time-consuming investigations into the candidates’ lives. The family of one well-known investigator, for example, also had the Vatican monopoly on printing the documentation for each saintly cause, studies that often amount to dozens of volumes.
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