1. The Vatican Bank Faces Accusations of Money Laundering
... 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 transferring funds to ... ...
- Word Count: 478
- Approx Pages: 2
- Has Bibliography