I’ll bet if the pressure weren’t on them big time, they wouldn’t be publishing this. Why haven’t they done it for – centuries! When are they going to start feeding the poor? ~J
Published time: October 01, 2013 21:11
An exterior view of the tower of the Institute for Works of Religion in Vatican City (Reuters)
For the first time in its 125-year history, the Vatican bank has disclosed its annual financial report to the public. The bank seeks to be more transparent amid the investigation into an alleged money-laundering scandal.
The report covers details from 2012, during which the Vatican bank – formally known as the Institute for Religious Works (IOR) – was accused of money laundering and lack of diligence in allowing non-religious businessmen to hold accounts in what amounted to an international offshore tax haven.
Nevertheless, 2012 was an “economically successful year” for the IOR, as net…
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