Vatican Bank mired in laundering scandal
VATICAN 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.
Saturday, December 11, 2010
Vatican Bank mired in laundering scandal - Yahoo! News
The Vatican says it's all a "misunderstanding"
Posted by Regan Lee