1. The Vatican Bank Faces Accusations of Money Laundering
... residence in Italy but using the IOR as a shield to hide different dealings, such as tax or fraud evasion (The Straits Times). The investigation began after two suspicious ... "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 ... the IOR is extremely disgruntled at the fact that Italian magistrates publicly announced the allegations; "The nature and aims of the transactions under investigation could have been clarified with great simplicity....
- Word Count: 478
- Approx Pages: 2
- Has Bibliography