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Home » Latest News » U.S. and World » Vatican Bank Is Being Accused Of Money Laundering

Vatican Bank Is Being Accused Of Money Laundering

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By Geoff Filipiak on September 21, 2010
Filed in U.S. and World

Two officials belonging to the Vatican’s official bank known as the Institute For Religious Works, are being accused of money laundering.

The Vatican has not commented on the accusations.

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In 1982, the then governor of the bank, Archbishop Paul Marcinkus, was indicted over his involvement with the $3.5bn (£2.25bn) collapse of what was then Italy’s largest private bank, Banco Ambrosiano.

Two of Banco Ambrosiano’s top executives were mysteriously murdered when the bank’s chairman Roberto Calvi was found hanged beneath Black Friar’s bridge in London in a ritual style killing.

From The BBC