Challenge Grant: Our Boosters will match donations up to $45,000. We have $38,705 to go. Please donate!
Click here to advertise on CatholicCulture.org

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

Catholic World News - 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.

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 ($126,198 to go):
$150,000.00 $23,801.70
84% 16%
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 Synod: It's a Wrap! 11 hours ago
A chaotic synod? Not in its results 12 hours ago
Cardinal Kasper's unsubtle threat 18 hours ago
When Catholics are less Catholic than non-Catholics October 20
Cardinal Kasper's nose is growing again October 18

Top Catholic News

Most Important Stories of the Last 30 Days
Key synod report calls for 'gradualism' in Church response to irregular family situations CWN - October 13
As synod concludes, bishops issue message, approve document; Pope weighs in CWN - October 20
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30
Synod of Bishops opens with Mass in St. Peter’s Basilica CWN - October 6