Vatican Bank mired in laundering scandalVATICAN CITY – This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Nevertheless, the Institute for Religious Works is a bank, and it's under harsh new scrutiny in a case involving money-laundering allegations that led police to seize euro23 million ($30 million) in Vatican assets in September. Critics say the case shows that the "Vatican Bank" has never shed its penchant for secrecy and scandal.
"Any entity – no matter how many tentacles it has – has a soul.” ~ Vatican astronomer Guy Consolmagno. "We know everything . . . we're the Vatican." ~ Warehouse 13
Saturday, December 11, 2010
Vatican Bank mired in laundering scandal - Yahoo! News
The Vatican says it's all a "misunderstanding"
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