1. The Vatican Bank Faces Accusations of Money Laundering
... 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 ... "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 in other banks (Rocca). However, he has also made it ... C...
- Word Count: 478
- Approx Pages: 2
- Has Bibliography