1. The Vatican Bank Faces Accusations of Money Laundering
... gather.com). The Vatican Bank has vowed to be committed to "complete transparency" in order to gain enrollment on the "White List," a list of countries that comply with international banking standards. Spokesman Father Federico Lombardi issued a letter claiming, "The current problem was caused by a misunderstanding - now being examined - between the IOR and the bank which received the transfer order" ... (News.gather.com). Lombardi has also assured that the IOR was merely transferring ... great simplicity." Furthermore, he believes that, because of the IOR's location in Vatican City, t...
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