1. The Vatican Bank Faces Accusations of Money Laundering
... , such as tax 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 ... 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 bein...
- Word Count: 478
- Approx Pages: 2
- Has Bibliography