Click here to advertise on CatholicCulture.org

Vatican bank directors who resigned on July 1 could face criminal charges

Catholic World News - July 15, 2013

Two former officials of the Vatican bank, who resigned 2 weeks ago, could face criminal charges for violating Italy’s banking laws.

Paolo Cipriani, who had been director of the Institute for Religious Works (IOR) since 2007, and his longtime deputy Massimo Tulli, allegedly failed to provide adequate information regarding large bank transfers. The two men announced their resignation on July 1 “in the best interests of the Institute and the Holy See.”

The IOR has been under heavy pressure from Italian banking authorities to provide better documentation for financial transfers, as a means of guarding against money-laundering.

An Italian judge is weighing the evidence against Cipriani and Tulli to decide whether they should be charged with any criminal offenses.

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!

Progress toward our July expenses ($18,661 to go):
$35,000.00 $16,339.29
53% 47%
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.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Self-Esteem: Beyond Pop Psychology 0 hours ago
Government Crackdowns on God and Nature 16 hours ago
A legislative mockery: Massachusetts lawmakers rush to replace unconstitutional 'buffer zone' bill 16 hours ago
Gay and Transgendered: What Comes Next? 17 hours ago
Obama's executive order and the danger of reliance on federal contracts 17 hours ago

Top Catholic News

Most Important Stories of the Last 30 Days
Vatican issues working document for Synod of Bishops on the family CWN - June 26
New management, new changes coming for reformed Vatican bank CWN - July 8
Sweeping reforms to Vatican's media, financial operations CWN - July 9
‘Even Genghis Khan didn’t do this’: Mosul emptied of Christians CWN - July 21