1. The Vatican Bank Faces Accusations of Money Laundering
... million euros to a German branch of an American bank and one for 3 million euros to an Italian bank (News.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 transferri...
- Word Count: 478
- Approx Pages: 2
- Has Bibliography