1. The Vatican Bank Faces Accusations of Money Laundering
... such as tax or fraud evasion (The Straits Times). The investigation began after two suspicious transfers from an IOR account were detected, one for twenty 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 ...
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