Tag: Vatican bank
Vatican bankVatican promises transparency and annual reports from the scandal-hit IOR
As part of ongoing efforts to promote transparency and chip away at the myths surrounding what is commonly called the Vatican bank, its new president announced it will have a website by the end of the year and will publish its annual report, according to the Catholic Sentinel.
Francis first real challenge: re-structuring the scandal ridden Vatican bank
Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican's scandal-ridden bank as part of a broad review of its troubled bureaucracy, Vatican sources say.
Scandal-hit Vatican bank tries to make clean start but again stumbles
The Vatican appointed a German lawyer to head its bank, but the bid to turn the fortunes of the scandal-hit institution was clouded by his business links to a military shipbuilder.
Vatican bank fails test on preventing financial crime
The Vatican bank or Institute for Works of Religion, IOR, needs more reform in order to show it is effective at preventing financial crime, a report by a European banking watchdog has said.
The Vatican bank opens up to show it is not involved in ‘sinful’ activities
Vatican bank, one of the more secretive institutions of the secrecy-obsessed Vatican, opened itself up to a little external scrutiny in a bid to show it is serious about fighting money-laundering and being more financially transparent.
