1. The Vatican Bank Faces Accusations of Money Laundering
... 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 ... 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 loca...
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