UNITED STATES
Catholic Culture
By Phil Lawler | July 30, 2012 3:27 PM
The “Moneyval” audit of the Vatican bank, the IOR, turned up this interesting tidbit: there were 236 cardinals who held accounts there. Which wouldn’t be remarkable, except that at the time of the audit, there were only 213 cardinals alive.
This is not necessarily evidence of financial shenanigans. The estate of a deceased prelate might control a bank account that is still listed in the late cardinal’s name. Dormant accounts might linger on the books for some time before someone decides how the funds should be disbursed. Still one can understand why the European inspectors thought some tighter controls would be useful.
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