VATICAN CITY -- Pope Francis appointed a seasoned Italian finance inspector to lead the Vatican's financial watchdog agency following the resignation of its president.

VATICAN CITY (CNA) -- The recent raid of Vatican offices is connected to an investigation into charges that Vatican money financed the development of luxury properties in London, and led to a windfall for the Vatican’s investment managers, according to an Oct. 14 report from Financial Times.

VATICAN CITY -- Pope Francis has appointed a retired anti-Mafia prosecutor to head the Vatican City State's judicial system.

VATICAN CITY -- The Vatican apparently has suspended five employees after raids on Vatican offices.

VATICAN CITY  (CNA) -- Vatican prosecutors seized documents and electronic devices in a raid executed Tuesday at the offices of the most senior curial department.

VATICAN CITY -- Pope Francis approved new statutes for the Institute for the Works of Religion, often referred to as the Vatican bank, that include structural changes and a mandatory external audit.

WASHINGTON – The Irish Catholic Bishops' Conference and Caritas India are among 19 Catholic institutions that have decided to divest from the fossil fuel industry.

VATICAN – The Institute for the Works of Religion, commonly known as the Vatican bank, seeks to follow Catholic ethical practices in investments, according to its latest annual report.

VATICAN – The Vatican has accused a former director of the Vatican bank and his lawyer of money laundering and embezzlement, saying the men skimmed an estimated 57 million euros (about $68 million) off profits from the sale of Vatican properties.

VATICAN – A former president of the Institute of Religious Works, the so-called “Vatican Bank,” and his lawyer, have been ordered to stand trial at the Vatican on charges of embezzlement and money laundering.

VATICAN – A Vatican court found two former top managers of the Vatican bank liable for mismanagement and ordered an injunction for them to pay damages.

Tegucigalpa, Honduras – An Italian media outlet has reported allegations of financial mismanagement on the part of Honduran Cardinal Oscar Maradiaga, although no formal allegations or charges have been raised against the cardinal to date.

VATICAN CITY – The Vatican bank has initiated legal action in Malta against unnamed third parties because of "significant damages" incurred after a 17-million-euro investment.

VATICAN CITY – The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 36 million euros (about $53 million) in 2016, according to its annual report.

VATICAN CITY – While the trial of five people accused of leaking confidential Vatican financial documents captured headlines in 2016, the Vatican City court also continued investigating possible financial crimes, freezing more than $2.1 million in assets deposited at the Vatican bank.