Action Alert!
Catholic World News

Italian inquiry will conclude Vatican bank allowed chances for money-laundering

July 08, 2013

An investigative report on the Institute for Religious Works (IOR) will conclude that the Vatican bank’s policies offered opportunities for money-laundering, according to Italian newspaper reports.

Two dailies, Corriere della Sera and La Repubblica, have quoted from what they say is a leaked preliminary report from Italian prosecutors, finding that the IOR “can easily become a channel for the laundering of money with a criminal origin.”

The Italian prosecutors began their probe into the IOR in 2010, before the Vatican instituted a series of new policies aimed at ensuring transparency and accountability in financial transfers.


Sound Off! 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.