catholicweekly.com.au 2 NEWS 17, January, 2021 I n this edition Our story begins in 1839 with the Australasian Chronicle, continuing with the Freeman’s Journal in 1850. Level 13, Polding Centre, 133 Liverpool Street, Sydney, NSW 2000. Phone (02) 9390 5400 | Vol 73, No 5167. The Catholic Weekly is published by the Roman Catholic Archdiocese of Sydney ABN 60 471 267 587 and is printed by ACM Australian Community Media, 159 Bells Line of Road, North Richmond NSW, 2754. SUB-EDITOR Peter Rosengren (02) 9390 5400 REPORTERS Marilyn Rodrigues (02) 9390 5410 David Ryan (02) 9390 5408 Debbie Cramsie (02) 9390 5396 SUBSCRIPTIONS Rita Ng (02) 9390 5411 ADVERTISING AND MARKETING Steve Richards (02) 9390 5404 DESIGNERS Renate Cassis Mathew De Sousa News Archbishop’s homily Feature story Movies, books 1-5 8-9 12-13 20-21 Faith in the trajectory of life catch it now at: thiscatholiclife.com.au LEAVE A GIFT Archdiocese of Sydney Catholic CHARITIES Order your FREE Wills and Bequests Guide today 1800 753 959 or
[email protected] myWill SUPPORTINGTHE MINISTRIES OF THE CATHOLIC ARCHDIOCESE OF SYDNEY Leaving a gift in a Helping build a brighter future for children and families in crisis. Dunlea Centre 35A Waratah Road Engadine NSW 2233 Phone 02 8508 3900 AUSTRALIA'S ORIGINAL BOYS' TOWN A place for change... www.dunleacentre.org.au Celebrating loved ones for over 90 years Trevor Lee & Son is a family business that has helped families celebrate and remember their loved ones for over 90 years. ♦ Intimate and personal funeral services ♦ Professional, compassionate staff, available 24 hours a day ♦ On site or in the comfort of your own home ♦ Servicing all areas of Metropolitan Sydney and Country NSW ♦ Pre-Paid Funerals available Contact Bernadette (nee O’Hare), Trevor or Darren Lee on 9746 2949 to arrange an appointment. FUNDS TRANSFERS FROM THE VATICAN AS REPORTED BY AUSTRAC 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 600M 200M 500M 400M 300M 100M $72,596,546 $86,811,655 $111,520,459 $68,478,821 $72,227,335 $137,100,443 $295,417,938 $581,276,802 $422,919,026 $492,131,732 AUSTRAC PIAT-3088 Released under the Freedom of Information Act 1982 (FOI Act) FROM PAG E 1 But Cardinal Parolin wrote di- rectly to the bank’s president, pressuring h im to support the application which, he said, represented high-priority “needs of th e Holy See.” Paro- linwas ame mber of the bank’s supervisory board at the time he sent the l etter. The letter was leaked to Ital- ian journali st Emiliano Fitti- paldi who reported last week- end that it had been signed by Parolin in March 2019, and addressed to Jean Baptiste de Frannsu, thepresident of the In- stitute for theWorks of Religion, often referred to as the Vatican Bank. According to that re- port, Parolin told de Frannsu that the secretariat had made “some valid investments” overseas which were not “easy to liquidate with profit in the medium term.” Saying that “market trends suggest” the secretariat ar- range for more “liquidity,” the cardinal asked the bank “to provide a loan of 150 mil- lion euros, to be obtained in a short time.” The cardinal told the bank’s president that “I will be grateful if you would be pleased to give a positive reply to this request, which re- sponds to the superior needs of the Holy See.” Parolin served on the bank’s supervisory board until last year, when he was removed Mystery deepens over money, London deal by Pope Francis. The scandal surrounding the building has already led to the suspension of six senior officials or former officials at the secretariat, and triggered the forced resigna- tionof Cardinal AngeloBecciu. In a remarkable move on 29 December, Pope Francis ap- proved a new set of laws that formally transferred the man- agement of all bank accounts and financial investments belonging to the Vatican Sec- retariat of State to the Admin- istration of the Patrimony of the Holy See, also known as APSA. The decision removed all financial control from the Vatican’s own government. - THE PILLAR [T]he secretariat had made ‘some valid investments’ overseas which were not ‘easy to liquidate with profit in the medium term.’ Reported comment by Cardinal Parolin