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.
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!
Progress toward our July expenses ($8,412 to go):
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!