1. The Vatican Bank Faces Accusations of Money Laundering
... 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 its own accounts ... , including charities, religious orders, and hospitals (News.gather.com). The Vatican Bank had previously been under scrutin...
- Word Count: 478
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