Institute Of Religious Works

A European body that combats money laundering and terrorist financing today told the Vatican to start prosecuting people found to have used its scandal-hit bank and asset management body for criminal ends.

The Vatican appointed its first auditor-general on Friday in Pope Francis' latest move aimed at ensuring transparency in the scandal-plagued finances at the headquarters of the Roman Catholic Church

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 Euro 23 million ($30 million) in Vatican a...

A European body that combats money laundering and terrorist financing today told the Vatican to start prosecuting people found to have used its scandal-hit bank and asset management body for criminal ends.

The Vatican appointed its first auditor-general on Friday in Pope Francis' latest move aimed at ensuring transparency in the scandal-plagued finances at the headquarters of the Roman Catholic Church

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 Euro 23 million ($30 million) in Vatican a...