We have $160,303 to go in our Fall Campaign. Every penny is used to strengthen the Church. See details!
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!

Our Fall Campaign
Progress toward our year-end goal ($160,303 to go):
$200,000.00 $39,696.72
80% 20%
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 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Harmonizing the Synod 4 hours ago
Links: Think like a poet, academia's black sheep, Marion Cotillard on feminism October 12
Adapting Christianity? October 12
The Synod's choice: change the marketing campaign or change the product? October 12
The Synod Continues October 9

Top Catholic News

Most Important Stories of the Last 30 Days
In Cuba, Pope emphasizes service to the vulnerable, praises thaw in US-Cuban relations CWN - September 21
Pope challenges America in speech to US Congress CWN - September 24
As Synod opens, Pope calls on Church to defend ‘unity and indissolubility’ of marriage bond CWN - October 5