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Holocaust survivors ask European Union to probe role of Vatican bank

CWN - October 27, 2010

A group of Holocaust survivors from Yugoslavia and Ukraine have asked European Union authorities to investigate whether the Vatican bank played a role in transferring assets stolen from concentration-camp inmates by Nazi captors.

The Vatican has denied that the Institute for Religious Works (IOR) was involved in money-laundering for Nazis who had pirated assets from Jews and other Holocaust victims. A suit seeking to investigate the IOR was dismissed by a US court in 1999.

The plaintiffs are now bringing their case to European authorities, suggesting that the IOR is obligated to provide full disclosure under the terms of new European banking regulations, which the IOR has promised to implement.

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