1. The Vatican Bank Faces Accusations of Money Laundering
... , because of the IOR's location in Vatican City, the IOR is "beyond the jurisdiction and surveillance" of the Bank of Italy rendering the allegations fraudulent to begin with (News.gather.com). Lombardi's letter also declared the IOR's commitment to the standards of the European Union and Organization for Economic Cooperation and Development, which fight terrorism and money laundering (News.gather.com). The IOR manages funds for the Vatican and other Roman Catholic institutions around the world, including ... charities, religious orders, and hospitals (News.gather.com). The Vatican Bank ...
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