BLOG: vatican bank
The following interview is from Vatican Radio. (Vatican Radio) The Vatican’s Institute for Religious Works, known by the acronym of its Italian title IOR, is not a bank. It neither lends money nor makes direct investments and all of its clients are named. The mission of its newly appointed president, Ernst von Freyberg, is to more
Since 2010 the Vatican’s Institute for Religious Works, commonly referred to as the Vatican Bank, has faced questions about its transparency and compliance with international banking laws. Since then many concrete changes have been made, including the appointment of a new bank director, a new board of international experts to oversee the bank, and the more