1. The Vatican Bank Faces Accusations of Money Laundering
... 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 claiming ... , 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 unde...
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