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Vatican finances

Pell ordered investigation into ‘potentially illegal’ APSA banking system

Cardinal George Pell flagged a system to hide the ‘true owner’ in international transfers in 2016

The Pillar
Jul 29, 2025
∙ Paid

Cardinal George Pell instructed the Vatican’s auditor general to conduct an “urgent and immediate” investigation into “potentially illegal” banking transactions by APSA, the Holy See’s asset manager and paymaster, in a 2016 memo obtained by The Pillar.

Credit: Vatican media.

The memo, dated April 8, 2016, when Pell was the prefect of the Vatican’s Secreta…

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