1. The Vatican Bank Faces Accusations of Money Laundering
... 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 its own accounts in other banks (Rocca). However, he has also made it clear that 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." Furthermore, he believes that, because of the IOR's location in Vatican ...
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