1. The Vatican Bank Faces Accusations of Money Laundering
... 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, "The current problem was caused by a misunderstanding - now being examined - between the IOR ... 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 ...
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