1. The Vatican Bank Faces Accusations of Money Laundering
... 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 ... great simplicity." Furthermore, he believes that, because of the IOR's location in Vatican City, the IOR is "beyond the jurisdiction and surveillance" of t...
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