Down to the Wire: Just $4,912 left to match to win our Challenge Grant. Your gift will still be doubled!
Click here to advertise on CatholicCulture.org

Vatican bank briefs ambassadors on new financial rules

Catholic World News - May 15, 2012

Ambassadors accredited to the Holy See have been given a tour of the Vatican bank, the Institute of Religious Works (IOR), as part of a public-relations campaign designed to bolster confidence that the Vatican bank is adhering to tough new European standards on documentation of financial transfers.

Msgr. Peter Bryan Wells, the assessor of the Secretariat of State, briefed 35 ambassadors on the recent changes at the IOR. The bank’s director, Paolo Cipriani, followed with a more extensive explanation of the new Vatican rules on financial transfers, which were enacted to bring the institution into compliance with European banking regulations against money-laundering.

The IOR plans another session for ambassadors in the near future, and has provided a similar briefing for a group of American donors.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($52,482 to go):
$150,000.00 $97,518.13
35% 65%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

The gift of orthodoxy: A mercy and a challenge to mercy November 26
Getting Marriage Right November 25
O Earthly Lord, vouchsafe to us high speed Internet. November 25
No 'Francis effect' in Strasbourg November 25
What Pope Francis told European Parliament, and what Pope John Paul II said November 25

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: Europe seems 'elderly and haggard' CWN - November 25